The Path to a Modern Economics : Dealing with the Complexity of Economic Systems
1st ed. 2017
Book Details
Format
Hardback or Cased Book
ISBN-10
3319527843
ISBN-13
9783319527840
Edition
1st ed. 2017
Publisher
Springer International Publishing AG
Imprint
Palgrave Macmillan
Country of Manufacture
CH
Country of Publication
GB
Publication Date
Aug 7th, 2017
Print length
366 Pages
Product Classification:
MacroeconomicsEconomic systems & structuresEconomic systems and structuresEconomic history
Ksh 19,800.00
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This book illustrates how the treatment of complexity in analytical frameworks shapes economic studies. It explores the ways economists make sense of our economic environment and where their differences in interpretations of economic issues and policy proposals are rooted.
This book illustrates how the treatment of complexity in analytical frameworks shapes economic studies. It explores the ways economists make sense of our economic environment and where their differences in interpretations of economic issues and policy proposals are rooted. Schwardt examines developments in economies and the role of the public sector over the last few centuries. Taking a theoretical approach and addressing different analytical frameworks, a basic distinction is introduced between top-down approaches, where assumptions about the economic environment are formulated at the outset; and bottom-up approaches, where an economic environment emerges from the interactions of the individual agents.
By recognising the validity of alternate perspectives on economic issues, Schwardt proposes an improved foundation for economics research and policy.
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