Economics--Mathematical Politics or Science of Diminishing Returns?
Book Details
Format
Paperback / Softback
Book Series
Science and Its Conceptual Foundations series
ISBN-10
0226727246
ISBN-13
9780226727240
Publisher
The University of Chicago Press
Imprint
University of Chicago Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Nov 28th, 1994
Print length
283 Pages
Weight
392 grams
Dimensions
22.80 x 16.40 x 1.60 cms
Product Classification:
Economic theory & philosophyPhilosophy of science
Ksh 5,250.00
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Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability—the capacity to create more precise forecasts by evaluating the success of earlier predictions—and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a science.
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