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The Guidance of

an Enterprise E

conomy

Martin S

hubik and Eric Sm

ithA

rigorous theory of money, credit, and

bankruptcy in the context of a mixed

economy, uniting W

alrasian general equilibrium

with m

acroeconomic dy-

namics and S

chumpeterian innovation.

2016 | 592 pp. | 44 illus. | $65.00/£54.95 978-0-262-03463-0

Beyond A

usterityR

eforming the G

reek Economy

edited by Costas M

eghir, C

hristopher A. P

issarides, D

imitri Vayanos,

and Nikolaos Vettas

Prom

inent economists present detailed

analyses of the conditions that made

Greece vulnerable to econom

ic crisis and offer policy recom

mendations for

comprehensive and radical change.

July 2017 | 728 pp. | 121 illus. | $75.00/£62.95 978-0-262-03583-5

Macroeconom

ics in Times

of Liquidity Crises

Searching for Econom

ic EssentialsG

uillermo A

. Calvo

An exam

ination of Liquidity Crunch

in triggering and characterizing financial crises.2016 | 192 pp. | 15 illus. | $35.00/£27.95 978-0-262-03541-5 | O

hlin Lectures series

Now

Availab

le in Pap

erback

What H

ave We Learned?

Macroeconom

ic Policy

after the Crisis

edited by George A

kerlof, O

livier Blanchard, D

avid Rom

er, and Joseph S

tiglitzTop econom

ists consider how to

conduct policy in a world w

here previ-ous beliefs have been shattered by the recent financial and econom

ic crises.2016 | 368 pp. | 96 illus. | paper | $19.95/£14.95 978-0-262-52985-3 (C

loth 2014)

Experimental C

onversationsP

erspectives on Random

ized Trials in Econom

ic Developm

entedited by Tim

othy N. O

gdenD

iscussions of the use and limits of ran-

domized control trials, considering the

power of theory, external validity, gaps

in knowledge, and w

hat issues matter.

2017 | 392 pp. | 1 illus. | $45.00/£37.95 978-0-262-03510-1

Now

Availab

le in Pap

erback

Imm

igration and the A

merican B

acklashJohn Tirm

anH

ow the im

migration battle plays out in

Am

erica, from curriculum

disputes to federal raids to the civil rights activism

of young “D

reamers.”

2016 | 216 pp. | 2 illus. | paper | $17.95/£14.95 978-0-262-52999-0 originally published in cloth as D

ream C

hasers: Im

migration and the A

merican B

acklash, 2015

Now

Availab

le in Pap

erback

Why A

re We W

aiting?The Logic, U

rgency, and Prom

ise of Tackling C

limate C

hangeN

icholas Stern

An urgent case for clim

ate change action that forcefully sets out, in econom

ic, ethical, and political terms,

the dangers of delay and the benefits of action.2016 | 448 pp. | 21 illus. | paper | $19.95/£14.95 978-0-262-52998-3 (C

loth 2015) The Lionel R

obbins Lectures series

Global C

arbon Pricing

The Path to C

limate

Cooperation

edited by Peter C

ramton,

David JC

MacK

ay, Axel O

ckenfels, and S

teven Stoft

Why the traditional “pledge and review

” clim

ate agreements have failed, and

how carbon pricing, based on trust and

reciprocity, could succeed.June 2017 | 256 pp. | 13 illus. | $35.00/£27.95 978-0-262-03626-9

Com

plexity and Evolution

Toward a N

ew S

ynthesis for Econom

icsedited by D

avid S. W

ilson and A

lan Kirm

anA

n exploration of how approaches

that draw on evolutionary theory and

complexity science can advance our

understanding of economics.

2016 | 376 pp. | 19 illus. | $50.00/£41.95 978-0-262-03538-5 | S

trüngmann Forum

Reports

Heterom

ation, and Other

Stories of C

omputing and

Capitalism

H

amid Ekbia and B

onnie A. N

ardiA

n exploration of the new division of

labor between m

achines and humans, in

which m

any workers (or “users”) provide

value with little or no com

pensation. June 2017 | 304 pp. | 12 b &

w illus. | $35.00/£27.95

978-0-262-03625-2 A

cting with Technology series

Paid

Tales of Dongles, C

hecks, and O

ther Money S

tuff edited by B

ill Maurer

and Lana Sw

artzForew

ord by Bruce S

terlingS

tories about objects left in the wake

of transactions, from cryptocurrencies

to leaf-imprinted banknotes to records

kept with knotted string.

March 2017 | 264 pp. | 74 color, 11 b &

w illus.

$27.95/£22.95 | 978-0-262-03575-0 Infrastructures series

Now

Availab

le in Pap

erback

Sharing The W

orkW

hat My Fam

ily and Career

Taught Me about B

reaking Through (and H

olding the Door

Open for O

thers)M

yra Strober

Foreword by John D

onahoe, C

hair of the Board, P

ayPal, and

former C

EO, eB

ayThe tum

ultuous life and career of a w

oman w

ho fought gender bias on m

ultiple fronts—in theory and in

practice, for herself and for us all.A

pril 2017 | 248 pp. | paper | $16.95/£14.95 978-0-262-53355-3 (C

loth 2016)

Investors and Exploiters

in Ecology and E

conomics

Principles and A

pplications edited by Luc-A

lain Giraldeau,

Philipp H

eeb, and Michael K

osfeldExperts from

the natural and social sciences exam

ine the coexistence of productive and exploitative behavior strategies observable in m

any species at m

any levels.M

arch 2017 | 336 pp. | 10 color, 20 b & w

illus. $50.00/£41.95 | 978-0-262-03612-2 S

trüngmann Forum

Reports

The World Trade S

ystemTrends and C

hallengesedited by Jagdish N

. Bhagw

ati, P

ravin Krishna,

and Arvind P

anagariyaLeading trade experts exam

ine the w

orld trading system today, from

the m

ultilateralism of the W

TO to explosive

bilateralism and the m

ega-regionals TP

P and TTIP.

2017 | 400 pp. | 64 illus. | $80.00/£66.95 978-0-262-03523-1

Social E

conomics

Current and Em

erging Areas

edited by Joan Costa-Font

and Mario M

acisA

rich collection of current research in the grow

ing field of social economics,

covering such issues as culture, gender, ethics, and philanthropic behavior.M

arch 2017 | 344 pp. | 32 illus. | $35.00/£27.95 978-0-262-03565-1 | C

ES

ifo Sem

inar series

The Econom

ics of Language P

olicyedited by M

ichele Gazzola and

Bengt-A

rne Wickström

Insights from the application of eco-

nomic theories and research m

ethods to the m

anagement of linguistic diver-

sity in an era of globalization.2016 | 512 pp. | 30 illus. | $36.00/£29.95 978-0-262-03470-8 | C

ES

ifo Sem

inar series

The Econom

ics and P

olitical Econom

y of E

nergy Subsidies

edited by Jon Strand

The economic and political aspects of

energy subsidies, viewed both theoreti-

cally and empirically, w

ith a focus on fossil fuel subsidies in developing nations.2016 | 296 pp. | 46 illus. | $32.00/£26.95 978-0-262-03464-7 | C

ES

ifo Sem

inar series

Now

Availab

le in Pap

erback

Measuring H

appinessThe Econom

ics of Well-B

eingJoachim

Weim

ann, A

ndreas Knabe, and

Ronnie S

chöbtranslated by B

rian Brow

neA

n investigation of the happiness-prosperity connection and w

hether econom

ists can measure w

ell-being.2016 | 224 pp. | 9 illus. | paper | $17.95/£14.95 978-0-262-52976-1 (C

loth 2014)

Am

erican Journal of H

ealth Econom

icsQ

uarterlyFrank S

loan, Editor-in-Chief

The Am

erican Journal of Health Eco-

nomics (A

JHE) provides a forum

for the in-depth analysis of institutional health care system

s and individual health behaviors. S

ubjects of interest include com

petition between private health

insurance providers, the impact of the

Affordable C

are Act, pharm

aceuti-cal regulation, m

edical device supply, the rise of obesity, the influence and grow

th of aging populations, and much

more. The journal is published by the

MIT P

ress for the Am

erican Society of

Health Econom

ists (AS

HEcon).

144 pp. per issue, 6 x 9 IS

SN

2332-3493, E-IS

SN

2332-3507 m

itpressjournals.org/ajhe

Education Finance

and Policy

Quarterly

Am

y Ellen Schw

artz, EditorEric B

runner, Stephanie C

ellini, S

usanna Loeb, and K

atharine O. S

trunk, A

ssociate EditorsEducation Finance and P

olicy, the official journal of the A

ssociation for Education Finance and P

olicy, pro-m

otes understanding of the means by

which global resources can be justly

generated and productively engaged to enhance hum

an learning at all levels. EFP

explores topics such as school accountability, school choice, educa-tion standards, equity and adequacy in school finance, resource allocation, teacher com

pensation, and special education.144 pp. per issue, 7 x 10 IS

SN

1557-3060, E-IS

SN

1557-3079 m

itpressjournals.org/efp

The Review

of Econom

ics and S

tatisticsFive tim

es per yearA

mitabh C

handra (Co-C

hair), Yuriy G

orodnichenko, B

ryan S. G

raham, S

hachar Kariv,

Am

it K. K

handelwal,

Asim

Ijaz Khw

aja (Co-C

hair), B

rigitte C. M

adrian, and R

ohini Pande, Editors

The Review

of Economics and S

tatistics is a 100-year-old general journal of ap-plied (especially quantitative) econom

ics edited at the H

arvard Kennedy S

chool. The R

eview has published som

e of the m

ost important articles in em

pirical eco-nom

ics, as well as collections of papers

or symposia devoted to a single topic of

methodological or em

pirical interest.368 pp. per issue, 8 1/2 x 11 IS

SN

0034-6535, E-IS

SN

1530-9142 m

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Asian D

evelopment R

eviewB

iannualS

hang-Jin Wei and

Naoyuki Yoshino, Editors

The Asian D

evelopment R

eview (A

DR

) is the journal of the A

sian Developm

ent B

ank and the Asian D

evelopment B

ank Institute. It publishes research on devel-opm

ent issues relevant to the countries of the A

sia and Pacific region, specifi-

cally AD

B’s m

ember countries. The A

DR

publishes high-quality em

pirical papers, survey articles, historical analyses, and policy-oriented w

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R bridges

theoretical work and rigorous em

pirical studies that advance the understanding of A

sia’s development; and it is open to

discussions of alternative perspectives on all aspects of developm

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A Primer in Econometric TheoryJohn StachurskiA concise treatment of modern econometrics and statistics, including underlying ideas from linear algebra, probability theory, and computer programming.2016 | 448 pp. | 103 color illus. | $60.00/£49.95 978-0-262-03490-6

The Economics of Contemporary Latin AmericaBeatriz Armendáriz and Felipe Larraín B.Analysis of Latin America’s economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy.April 2017 | 392 pp. | 92 illus. | paper | $45.00/£37.95 978-0-262-53315-7

Advanced Microeconomic TheoryFelix Muñoz-GarciaAn introduction to advanced topics in mi-croeconomics that emphasizes the intuition behind assumptions and results, providing examples that show how to apply theory to practice.April 2017 | 800 pp. | 454 illus. | $110.00/£69.95 978-0-262-03544-6

Practice Exercises for Advanced Microeconomic Theory Felix Muñoz-GarciaThis workbook provides solutions and step-by-step explanations for the odd-numbered exercises in Advanced Microeconomic Theory (107 problems in total). April 2017 | 288 pp. | 120 illus. | paper | $50.00/£41.95 978-0-262-53314-0

Introduction to Industrial OrganizationSecond EditionLuís M. B. CabralAn issue-driven introduction to industrial organization, thoroughly updated and revised.March 2017 | 464 pp. | 75 illus. | $95.00/£69.95 978-0-262-03594-1

Health EconomicsSecond EditionFrank A. Sloan and Chee-Ruey HsiehThe new edition of a textbook that combines economic concepts with empirical evidence, updated with material on the Affordable Care Act and other developments.February 2017 | 824 pp. | 89 illus. | $100.00/£83.95 978-0-262-03511-8

Student Solutions Manual to Accompany Health EconomicsSecond EditionFrank A. Sloan and Chee-Ruey HsiehSolutions to odd-numbered exercises in the second edition of Health Economics.February 2017 | 136 pp. | paper | $18.00/£14.95 978-0-262-53342-3

Monetary Theory and Policy Fourth EditionCarl E. WalshThe new edition of a comprehensive treat-ment of monetary economics, including the first extensive coverage of the effective lower bound on nominal interest rates.May 2017 | 704 pp. | 44 illus. | $95.00/£59.95 978-0-262-03581-1

New and Revised Textbooks from the MIT Press

The Profitability TestDoes Your Strategy Make Sense?Harborne W. Stuart Jr. A new way to determine whether a business strategy will lead to profitability.2016 | 224 pp. | 99 illus. | paper | $40.00/£32.95 978-0-262-52940-2

Money, Payments, and LiquiditySecond EditionGuillaume Rocheteau and Ed Nosal A new edition of a book presenting a unified framework for studying the role of money and liquid assets in the economy, revised and updated. April 2017 | 496 pp. | 110 illus. | paper | $50.00/£41.95 978-0-262-53327-0

Entrepreneurial Finance and Accounting for High-Tech CompaniesFrank J. FabozziFinancial aspects of launching and operating a high-tech company, including risk analysis, business models, U.S. securities law, financial accounting, tax issues, and stock options, explained accessibly.2016 | 432 pp. | 3 illus. | $105.00/£87.95 978-0-262-03498-2

Taxing OurselvesA Citizen’s Guide to the Debate over TaxesFifth EditionJoel Slemrod and Jon BakijaThe new edition of a popular guide to the key issues in tax reform, presented in a clear, nontechnical, and unbiased way.May 2017 | 552 pp. | 15 illus. | paper | $30.00/£24.95 978-0-262-53317-1 Cloth | $75.00/£55.95 | 978-0-262-03567-5

FALL 2016 • SPRING 2017NEW AND RECENT TITLES • THE MIT PRESS

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Streaming, Sharing, StealingBig Data and the Future of EntertainmentMichael D. Smith and Rahul TelangHow big data is transforming the creative industries, and how those industries can use lessons from Netflix, Amazon, and Apple to fight back.2016 | 232 pp. | 8 illus. | $29.95/£24.95 978-0-262-03479-1

TapForces Shaping the Mobile EconomyAnindya GhoseHow the smartphone can become a personal concierge (not a stalker) in the mobile marketing revolution of smarter companies, value-seeking consumers, and curated offers.May 2017 | 232 pp. | 11 illus. | $29.95/£24.95 978-0-262-03627-6

Beyond the Triple Bottom LineEight Steps towards a Sustainable Business ModelFrancisco Szekely and Zahir DossaForeword by Jeffrey HollenderA pragmatic new business model for sustainability that outlines eight steps that range from exploring a mission to promoting innovation; with case studies.April 2017 | 240 pp. | 25 illus. | $50.00/£41.95 978-0-262-03599-6

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The Sharing EconomyThe End of Employment and the Rise of Crowd-Based CapitalismArun Sundararajan The wide-ranging implications of the shift to a sharing economy, a new model of organizing economic activity that may supplant traditional corporations.May 2017 | 256 pp. | 16 illus. | paper | $18.95/£14.95 978-0-262-53352-2 (Cloth 2016)

InnovatingA Doer’s Manifesto for Starting from a Hunch, Prototyping Problems, Scaling Up, and Learning to Be Productively WrongLuis Perez-BrevaInnovating is for doers: you don’t need to wait for an earth-shattering idea, but can build one with a hunch and scale it up to impact.2017 | 296 pp. | 34 illus. | $34.95/£27.95 978-0-262-03535-4

The Vanishing Middle ClassPrejudice and Power in a Dual EconomyPeter TeminWhy the United States has developed an economy divided between rich and poor and how racism helped bring this about.March 2017 | 208 pp. | 7 illus. | $26.95/£21.95 978-0-262-03616-0

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The Disruption DilemmaJoshua GansAn expert in management takes on the conventional wisdom about disrup-tion, looking at companies that proved resilient and offering managers tools for survival.May 2017 | 176 pp. | 2 illus. | paper | $18.95/£14.95 978-0-262-53362-1 (Cloth 2016)

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Confidence GamesLawyers, Accountants, and the Tax Shelter IndustryTanina Rostain and Milton C. Regan, Jr.The rise and fall of a tax shelter industry that enabled some of America’s richest citizens to avoid paying their fair share of taxes.2016 | 424 pp. | paper | $25.00/£19.95 978-0-262-52977-8 (Cloth 2014)

One of Strategy + Business’s Best Business Books of the Year

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The Power Of ResilienceHow the Best Companies Manage the UnexpectedYossi Sheffi How the best companies prepare for and manage modern vulnerabilities—from cybersecurity risks to climate change: new tools, processes and organizations for developing corporate resilience.April 2017 | 488 pp. | 7 illus. | paper | $22.95/£18.95 978-0-262-53363-8 (Cloth 2015)

Free InnovationEric von HippelA leading innovation scholar explains the growing phenomenon and impact of free innovation, in which innovations are developed by consumers and given away “for free.”2016 | 232 pp. | 10 illus. | $29.95/£24.95 978-0-262-03521-7