Uneconomic Economics and the Crisis of the Model World
by
M. Watson
Book Details
Format
Hardback or Cased Book
ISBN-10
1137385480
ISBN-13
9781137385482
Publisher
Palgrave Macmillan
Imprint
Palgrave Pivot
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 17th, 2014
Print length
108 Pages
Weight
290 grams
Dimensions
22.50 x 14.70 x 1.90 cms
Ksh 8,100.00
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What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets.
What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets.
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