The World in the Model : How Economists Work and Think
Book Details
Format
Paperback / Softback
ISBN-10
0521176190
ISBN-13
9780521176194
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 17th, 2012
Print length
442 Pages
Weight
828 grams
Dimensions
17.90 x 25.50 x 2.50 cms
Product Classification:
Economic theory & philosophyEconomic theory and philosophy
Ksh 8,500.00
Manufactured on Demand
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Previously economists used words to describe their economic world and to argue about its laws. Nowadays, economists describe the world through mathematics and explain the phenomena of the real-world economy by reasoning with those little models. The World in the Model tells the story of this major cognitive shift.
During the last two centuries, the way economic science is done has changed radically: it has become a social science based on mathematical models in place of words. This book describes and analyses that change - both historically and philosophically - using a series of case studies to illuminate the nature and the implications of these changes. It is not a technical book; it is written for the intelligent person who wants to understand how economics works from the inside out. This book will be of interest to economists and science studies scholars (historians, sociologists and philosophers of science). But it also aims at a wider readership in the public intellectual sphere, building on the current interest in all things economic and on the recent failure of the so-called economic model, which has shaped our beliefs and the world we live in.
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