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Roth Alvin: Moral Economics

Moral Economics

What Controversial Transactions Reveal About How Markets Work

Why do some people thrive under uncertainty while others freeze? Why do organizations consistently misjudge their best decision-makers?

Risk Efficacy presents a groundbreaking framework for measuring decision-making quality independent of outcomes. Drawing on research from cognitive science, organizational psychology, and high-stakes domains including trauma medicine, trading, and professional motorsport, this book reveals why traditional performance metrics systematically misread the people organizations most need.

The Risk Efficacy framework evaluates decision-making across four dimensions: Calibration (alignment between confidence and accuracy), Informed Navigation (quality of information gathering and synthesis), Resilience (capacity for adaptation and recovery), and Outcome Achievement (results in context of process quality).

Through case studies ranging from the D-Day invasion to Chilean mining rescues, Wu demonstrates how measurement systems optimized for stable environments fail catastrophically in volatile ones-and how this creates systematic bias against adaptive thinkers, particularly women and cross-domain experts whose decision-making styles don't match traditional leadership stereotypes.

This book is essential reading for leaders building teams for uncertain futures, HR professionals designing assessment systems, individuals seeking to understand and demonstrate their decision-making strengths, and anyone navigating a world where intelligent adaptation is as critical as good planning.

Risk Efficacy is infrastructure for a new way of measuring what matters.

How to Measure Decision Making in an Age of Uncertainty

Risk Efficacy

Economics as Social Theory

Experiencing the Market explores the often-neglected phenomenon of 'the market' as individuals actually experience it by focusing on the culture, sociality and morality of markets. This thought-provoking and engagingly-written book will ensure that markets are given their due prominence in the future study of economics.

Experiencing the Market explores the often-neglected phenomenon of 'the market' as individuals actually experience it by focusing on the culture, sociality and morality of markets. This thought-provoking and engagingly-written book will ensure that markets are given their due prominence in the future study of economics.

Understanding Commercial Life

Sir Halley Stewart Trust: Lectures

Originally published in 1938, this symposium, based on the Sir Halley Stewart lectures for 1937, numbers among its contributors some of the world's most distinguished economists and the subjects of which they treat are of vital interest.

The World's Economic Future

Economic Perspectives on Institutions provides an introduction to the economic analysis of institutions, particularly with respect to the core issues of conflict, coordination and inequality, offering an essential synthesis of what we have learnt so far and highlighting the major gaps to be filled. Readers are introduced to some of the best ideas produced in the field of institutional economics and are provided with a critical assessment both of their ability to explain a number of crucial problems and to offer a guide to the choice of the best policies. This book will be essential reading to all those studying and researching in the field of institutional economics.

Economic and social institutions are more and more important in modern economic systems. Efficiency, equity and also economic evolution depend on them. Indeed, since the pioneering analyses of Coase, North and Williamson huge progress has been made in the understanding of the influence of institutions on the working of economic systems. However, institutions are still a rather disregarded topic both in the analysis of economic phenomena and in the design of economic policies. This book offers a critical assessment of the results achieved so far by the various strands of Institutional Economics that paves the way for further improvements.Economic Perspectives on Institutions provides an introduction to the economic analysis of institutions, particularly with respect to the core issues of conflict, coordination and inequality, offering an essential synthesis of what we have learnt so far and highlighting the major gaps to be filled. Readers are introduced to some of the best ideas produced in the field of institutional economics and are provided with a critical assessment both of their ability to explain a number of crucial problems and to offer a guide to the choice of the best policies. This book will be essential reading to all those studying and researching in the field of institutional economics.

Conflict, Coordination, Inequality

Economic Perspectives on Institutions

Routledge Studies in Defence and Peace Economics

This book discusses the models used to explain economic growth and introduces the economic factors that could potentially lead to conflict, offering insights into the applicability of economic development theories to post conflict reconstruction.

This book discusses the models used to explain economic growth and introduces the economic factors that could potentially lead to conflict, offering insights into the applicability of economic development theories to post conflict reconstruction.

Economic Development and Post Conflict Reconstruction

Rediscovers the economic ideas that built America by offering the most comprehensive treatment of the American protectionist school of economic thought - tracing its origins from Alexander Hamilton and Tench Coxe, and highlighting the School's dynamic, invention-driven vision as a rival to English classical economics.

America's Neglected Protectionist Tradition offers the most comprehensive treatment of the American protectionist school of economic thought - an intellectual tradition which originated with the ideas of Alexander Hamilton and Tench Coxe, and was developed further by thinkers such as Friedrich List, John Rae, and Henry Charles Carey. This work provides the first systematic account of the philosophy and theory of the American protectionist tradition by drawing upon the full corpus of their literature, which includes the writings of nearly seventy statesmen and economists. 
In reconstructing their system of theory, America's Neglected Protectionist Tradition demonstrates that the American protectionists represented a coherent and systematic school of economic thought, and one that rivalled their English classical counterparts. Against the conventional literature on the topic, which treats American Protectionist thought as merely an adaption of English classical economics, this work demonstrates that the American Protectionists developed a distinctive approach to economics. Not only did they differ from the Classicals on the policy recommendations concerning international trade, they rejected basic assumptions of the English classicals which remain foundational to contemporary economic analysis. Central to the thinking of the American protectionist tradition is the idea of the economy as dynamic and inventive. Rather than seeing scarce resources as placing fixed limits on economic progress, the American protectionists looked to invention, human ingenuity, and the diversity of talents and aptitudes as the means of forging the wealth of nations. Among other areas of economic analysis, this work explores the American protectionists' support for economic diversification, which stands in contrast with free trade theory's emphasis on specialisation. By challenging the Classical view that individuals represent homogeneous and uniform factors of production, the protectionists saw mankind as possessing unique talents, aptitudes and dispositions. Protected diversification was thus necessary to allow individuals to exercise these unique qualities. By recovering this neglected tradition, this work not only fills a significant gap in the history of economic thought but also provides valuable historical perspective on contemporary debates regarding trade and industrial policy, technological innovation and economic development.

The Economics that Forged a Nation

America’s Neglected Protectionist Tradition

Our economic system is broken. The climate crisis is accelerating. Inequality is deepening. Public trust is crumbling. Wealth concentrates in fewer hands while governments scramble to fix what markets can't do, rather than to shape them from the outset. For too long, economics has treated 'the good' - whether public goods or the commons - as merely correcting market or government failures. This economic framing traps us in an endless cycle of being reactive, patching problems rather than proactively building the economy we need. In The Common Good Economy, Mariana Mazzucato builds on her visionary ideas of the entrepreneurial state and mission-oriented policies to establish a new theory of the common good, one which allows governments and businesses to develop purposeful economic relationships, creating value and building spaces where human flourishing can happen. She argues that how we achieve collective goals - through collective action, participation and reciprocity - matters as much as what those goals are. The book provides a practical 'common good compass' to help navigate our economies in a radically different direction. Full of compelling real-world examples, from governing water as a global common to transforming procurement and finance, this is a rigorous reimagining of economics and a manifesto for a future economy that serves people and the planet. It could not be more timely.

A New Compass

The Common Good Economy

Managing Chaos is a practical field guide for navigating messy work and modern life with clarity.
When everything feels urgent, reactive, or overwhelming, most advice adds more complexity. This book does the opposite.
Built from real-world experience in creative production, operations, and leadership, Managing Chaos breaks down uncertainty into simple, repeatable systems you can actually use.
Inside you'll find:
¿ clear frameworks for decision-making under pressure
¿ tools to reduce overwhelm and regain control
¿ ways to prioritise what matters (and ignore what doesn't)
¿ practical thinking models for complex environments
¿ short field notes designed for quick reference, not theory
Compact, calm, and direct, this isn't a motivational book - it's a working manual.
Part of the Field Notes series, each volume is designed as a tool you return to whenever things get noisy.
For operators, creatives, founders, and anyone responsible for making things happen in the real world.

A creative's guide for when the only consistency is inconsistency

Managing Chaos

High-stakes moments don't reward the most confident voice; they reward the clearest operating system. When time is short and information is incomplete, even smart people fall into predictable traps-anchoring to the first story, chasing noise, confusing motion with progress, and communicating in ways that collapse execution. Pit Wall Decisions translates the logic of race strategy into a practical method for making the least-wrong call fast-without pretending certainty you don't have.

Built for leaders, teams, and individuals who operate under pressure, this book teaches a repeatable process: how to separate signal from drama, define the real job of a decision, keep options "in the garage," shape risk with intent, and pivot on criteria rather than ego. You'll learn how to run meetings that end with executable decisions, negotiate without being bullied by false deadlines, and stabilize situations when everything goes sideways.

The core promise is simple and rigorous: clarity is not personality, it's practice. With compact checklists, decision scripts, debrief structures, and a decision-journal system that improves judgment over time, Pit Wall Decisions gives you a calm, repeatable way to act when everything feels on fire-and to build a culture that stays coherent when it matters most.

How to Think Clearly When Everything Is on Fire

Pit Wall Decisions

The Basics

Unlocking Business Insights provides a practical framework for extracting meaningful business insights from data, guiding leaders through fundamental principles that transform overwhelming datasets into actionable business value.This book equips readers with essential analytical thinking skills through real-world examples that bridge theory and practice. Readers will gain the ability to navigate complex data landscapes, make informed decisions based on proper benchmarking, understand trends, compare like-for-like indicators, evaluate trade-offs, develop predictive models, account for competitor intelligence, and recognise cognitive biases - all presented in accessible language that demystifies data analytics for business application. The author's structured approach balances analytical rigor with business relevance, helping managers extract valuable insights without getting lost in technical complexities. Each principle builds upon the previous one, creating a comprehensive framework that transforms raw data into strategic advantage while addressing the tension between statistical precision and practical business needs.Written for business leaders, managers, and students at all levels studying data analytics, this book is ideal for introductory courses in business analytics, data science for business, and data-driven decision making - offering a non-technical approach for those seeking to implement data-driven strategies without specialised expertise.The book is supported by comprehensive online resources including a testbank and PowerPoint slides.

Unlocking Business Insights

Routledge Studies in the European Economy

The book argues that economic credibility should be assessed not only on the basis of financial stability and economic growth, but also on the state's ability to maintain democracy and long-term social cohesion.Why do some countries maintain economic stability and investor confidence, while others experience credibility crises? This book examines how political decisions, institutional integrity and public trust shape economic policy. The authors highlight the consequences of populist governments, which often undermine economic efficiency and democratic stability. The book analyses how populist governments affect a country's economic credibility and long-term stability. It offers a comprehensive framework for assessing a country's economic credibility that goes beyond conventional financial indicators, advocating for a more holistic approach that supports democracy. Supported by research contained in reports on Poland's economic credibility index, the book benefits from data visualisations, policy recommendations and comparative analyses of state models, resources which provide the reader with practical tools for assessing economic credibility in various contexts.This book will be of interest to policy makers, economists, political scientists and business leaders, among others. With its multidisciplinary approach to the links between economic policy and institutional credibility, it provides valuable insights for those seeking to understand the complexity of modern governance.

Moral Economics

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