What We Are Reading Today: Optimal Transport Methods in Economics

Updated 19 August 2018
0

What We Are Reading Today: Optimal Transport Methods in Economics

Optimal Transport Methods in Economics is the first textbook on the subject written especially for students and researchers in economics.
Optimal transport theory is used widely to solve problems in mathematics and some areas of the sciences, but it can also be used to understand a range of problems in applied economics, such as the matching between job seekers and jobs, the determinants of real estate prices, and the formation of matrimonial unions.
This is the first text to develop clear applications of optimal transport to economic modeling, statistics, and econometrics, says a review on the Princeton University Press website. It covers the basic results of the theory as well as their relations to linear programming, network flow problems, convex analysis, and computational geometry.
Applications include discrete choice models, models of differential demand, and quantile-based statistical estimation methods, as well as asset pricing models.
Authoritative and accessible, Optimal Transport Methods in Economics also features numerous exercises throughout that help you develop your mathematical agility, deepen your computational skills, and strengthen your economic intuition.


Book review: ‘Where the Bird Disappeared’ is a tale as old as time

Updated 22 September 2018
0

Book review: ‘Where the Bird Disappeared’ is a tale as old as time

CHICAGO: Taking a leaf from the real-life stories of Prophet Zakariyya and his son Yahya, Palestinian poet and writer Ghassan Zaqtan’s “Where the Bird Disappeared” is a beautiful yet haunting novel set in the village of Zakariyya, in modern-day Palestine.
Inspired by Qur’anic stories and political history, the novel talks about the relationship between Zakariyya and his best friend Yahya who not only share their names with the two prophets but bear a distant resemblance to their personalities and fates as well.
Zaqtan’s narrative is lyrical, heartbreaking and profound. Rooted in Palestine — a land that stood the test of time and would go on to become the hub of early and modern civilizations — the story is captivating enough to transport us to the hideaway monastery in Nuba Karam or the vineyards of Beit Jalla, the new homes for several villagers forced into exile.
Recalling the devastation and violence faced by those migrating from their homes and country, Zaqtan’s ability to take his readers through the same mountain paths and into the soul of his characters is a cause for applause. As Zaqtan writes of his central character, Zakariyya, “he felt he was walking inside a book, stumbling inside stories that had circulated in these hills since his birth. Journeys and names repeating themselves in succession without end.” And while the novel succeeds in digging deep into the annals of history, it also makes the reader realize how much impact the land of Palestine has had on the two characters and the various stories generating from the region.
Zaqtan’s tale is gentle enough to etch out images of each village, street or ancient structure that make the story and yet devastating enough that these get lost in the bigger picture. His brilliance lies in how conscious he is about the words used, while never losing sight of the historical context of his narrative or the love of the central characters for their beloved land.
Ghassan Zaqtan is an award-winning Palestinian poet, novelist, and playwright. He first published “Where the Bird Disappeared” in Arabic in 2015. It was then translated into English by Samuel Wilder and published by Seagull Books in 2018.