The Path to a Modern Economics

Dealing with the Complexity of Economic Systems

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Business & Finance, Economics
Cover of the book The Path to a Modern Economics by Henning Schwardt, Springer International Publishing
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Author: Henning Schwardt ISBN: 9783319527857
Publisher: Springer International Publishing Publication: July 26, 2017
Imprint: Palgrave Macmillan Language: English
Author: Henning Schwardt
ISBN: 9783319527857
Publisher: Springer International Publishing
Publication: July 26, 2017
Imprint: Palgrave Macmillan
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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