Paul T. Heyne

Bio: Paul T. Heyne is an academic researcher. The author has contributed to research in topics: Supply and demand & Treasure. The author has an hindex of 3, co-authored 4 publications receiving 151 citations.

The Economic Way of Thinking

Abstract: Chapter 1: The Economic Way of Thinking Chapter 2: Efficiency, Exchange and Comparative Advantage Chapter 3: Substitutes Everywhere: The Concept of Demand Chapter 4: Cost and Choice: The Concept of Supply Chapter 5: Supply and Demand: A Process of Coordination Chapter 6: Unintended Consequences: More Applications of Supply and Demand Chapter 7: Profit and Loss Chapter 8: Price Searching Chapter 9: Competition and Government Policy Chapter 10: Externalities and Conflicting Rights Chapter 11: Markets and Government Chapter 12: Measuring the Overall Performance of Economic Systems Chapter 13: The Wealth of Nations: Globalization and Economic Growth Chapter 14: Money Chapter 15: Economic Performance and Real-World Politics Chapter 16: The Limitations of Economics

"Are Economists Basically Immoral?": and Other Essays on Economics, Ethics, and Religion

Abstract: A well-trained theologian, a gifted and dedicated teacher of economics for over forty years, and the author of a highly regarded and widely used textbook, "The Economic Way of Thinking", Paul Heyne influenced generations of students of economics. Many of the essays in this volume are published here for the first time. The editors, Geoffrey Brennan and A M C Waterman, have divided Heyne's essays thematically to cover three general areas: the ethical foundations of free markets, the connection between those ethical foundations and Christian thought, and the teaching of economics -- both method and substance. Heyne's writings are unique in that he takes the critics of the free market order seriously and addresses their arguments directly, showing how they are defective in their understanding of economics and in their ethical and theological underpinnings. The engaging style of Heyne's essays makes them accessible to students as well as to scholars. Even in discussions of topics well beyond the fundamental level, Heyne still succeeds in providing students with an appreciation of basic economic principles.

A Student's Guide to Economics

Abstract: The ISI Guides to the Major Disciplines are reader-friendly introductions to the most important fields of knowledge in the liberal arts. Written by leading scholars for both students and the general public, they will be appreciated by anyone desiring a reliable and informative tour of important subject matter. Each title offers an historical overview of a particular discipline, explains the central ideas of each subject, and evaluates the works of thinkers whose ideas have shaped our world. They will aid students seeking to make better decisions about their course of study as well as general readers who wish to supplement their education. All who treasure the world of ideas and liberal learning will be motivated by these original and stimulating presentations.

The Meaning of Property Rights: Law versus Economics?

Abstract: Property rights are fundamental to economic analysis. There is, however, no consensus in the economic literature about what property rights are. Economists define them variously and inconsistently, sometimes in ways that deviate from the conventional understandings of legal scholars and judges. This article explores ways in which definitions of property rights in the economic literature diverge from conventional legal understandings, and how those divergences can create interdisciplinary confusion and bias economic analyses. Indeed, some economists’ idiosyncratic definitions of property rights, if used to guide policy, could lead to suboptimal economic outcomes.

A Sand County Almanac with Essays on Conservation

Abstract: The publication of Mayo Ethnobotany deserves our celebration. Combining field observations, library and herbarium research, authors Yetman and Van Devender pooled their resources to produce a comprehensive portrait of the geology, geography, history, language, culture and botany of the Mayos, an indigenous people of northwestern Mexico. As with many other cultures, Mayo traditional knowledge is rapidly being lost as the people are absorbed into modern Mexico. The authors, who started out working in the Rı́o Mayo region independently and explored the land for several years unbeknownst to each other, spent six years studying the Mayo region, though their studies continue. They had previously lived and worked in the Sonoran Desert for decades, and their attention was drawn to Rı́o Mayo because the ‘‘desert dwindles away and merges into more tropical’’ systems. The book’s contents are divided into two sections. Part one consists of a description of the people and the land, a brief ethnography of the Mayos, their history, and an overview of plant and animal life. That section concludes with an extended portrayal of ‘‘Eight Plants that Make Mayos Mayos,’’ nominated because they are known to all, and integral to Mayo life. Part two, the second half the book, is devoted to an annotated list of plants arranged alphabetically by plant family. The list appears to be complete, both in species listed, and usage. The botanical descriptions are detailed and picturesque, and special attention is given to information about habitat. Culinary, medicinal and veterinary use, industrial, construction, artifact, and every other human use are relayed. Non-native crop species are included when they make a significant contribution to the cash economy of the growers. Hence, we learn that many Mayos plant ajonjoli (sesame) as a cash crop. Thousands of acres of ajonjoli are planted in the Mayo region and almost all of the seeds are sold in the international market. They are accustomed to ‘‘interplant beans, squash and, above all, watermelon,’’ a practice that reminds this writer of a similar list of species intercropped with sesame in the Wadi Hadhramaut region of Yemen. Care was taken to present supplemental documentary records. A number of informative black and white illustrations are scattered through the volume. Six Appendices offer data that may be useful to future researchers: Mayo region place names and their meanings; Yoreme consultants; Gazetteer of the Mayo region; Mayo plants listed by Spanish names; Mayo plants listed by Mayo name; and Glossary of Mayo and Spanish terms. A dozen pages of notes at the end of the book provide elaboration of specific facts. Another dozen pages devoted to a thorough index follow a five-page bibliography. Affordable and easy to read and to use, it should be added to every professional’s library.