ALAN KRUEGER

Cheerful and illuminating full of delicious anecdotes and valuable nuggets It does what Krueger did best brings economics to life and life to economics The Times

An entertaining guide to economics by a former adviser to Barack Obama that uses the lessons of the music business to explain what is happening in the rest of the worldThe Times, Books of the YearA key voice on a vast array of economic issues for more than two decadesBarack ObamaAn absolutely brilliant mind. The definition of left and right brain balanceQuincy JonesThe music business keeps re-inventing itself (from records, to tape, to CDs to streaming) and Alan Krueger covers all the bases. As one former LSE student once sang: its only rock and roll but I like it, like it, yes I do. That applies to this book tooRichard Thaler, Nobel Prize Recipient and author of NudgeRockonomics is entertaining, educational and enlightening. Alan Krueger gives us a backstage tour of the music industry - and in doing so, he creates a brilliant metaphor for our entire economy. Highly recommendedHarlan CobenAlan Krueger, the former chairman of the presidents Council of Economic Advisers, uses the music industry, from rock artists to music executives, from managers to promoters, as a way in to explain the principles of economics, and the forces shaping our economic lives.The music industry is often a leading indicator of todays economy; it is among the first to be disrupted by the latest wave of technology, and examining the ins and outs of how musicians create and sell new songs and plan concert tours offers valuable lessons for what is in store for businesses and employees in other industries that are struggling to adapt. Drawing on interviews with leading band members, music executives, managers, promoters, and using the latest data on revenues, royalties, tour dates, and merchandise, Rockonomics takes readers backstage to show how the music industry really works - who makes money, how the economics of the music industry has undergone a radical transformation during the last twenty years, and what this tells us about our wider economy today.

La provocadora y rigurosa investigación que rompe mitos sobre los efectos del salario mínimo en el empleoUna de las cuestiones de política económica más debatidas en los últimos tiempos ha sido la de la fijacion y el aumento del salario minimo. David Card y Alan B. Krueger, dos de los economistas mas reconocidos de las ultimas decadas, adquirieron una gran notoriedad precisamente por desmontar los mitos que la ciencia economica mantenia acerca de esta cuestion.Con sus rompedoras investigaciones en el campo de la economia laboral, Card y Krueger desafiaron la creencia general de que un salario minimo mas alto implica reducir las oportunidades laborales para los trabajadores de bajos ingresos. Tal cuestionamiento de la teoria economica establecida es el que se recoge por primera vez en español enMito y medicion.El estudio, que tiene importantes implicaciones para las politicas publicas y para la orientacion de la investigacion economica, se sirve de abundante evidencia empirica y se nutre de experiencias recientes en Estados Unidos. Para cada uno de los casos, los economistas presentan una coleccion de datos que demuestran que los incrementos en el salario minimo produjeron aumentos en los ingresos, pero no implicaron perdidas de puestos de trabajo.Card y Krueger, mediante metodos empiricos importados de las ciencias naturales, revisan criticamente toda la literatura existente sobre el salario minimo y nos brindan una nueva bateria de argumentos para defender la pertinencia de esta politica.