Uneconomic Economics and the Crisis of the Model World

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Business & Finance, Economics, Economic History
Cover of the book Uneconomic Economics and the Crisis of the Model World by M. Watson, Palgrave Macmillan UK
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Author: M. Watson ISBN: 9781137385499
Publisher: Palgrave Macmillan UK Publication: January 17, 2014
Imprint: Palgrave Pivot Language: English
Author: M. Watson
ISBN: 9781137385499
Publisher: Palgrave Macmillan UK
Publication: January 17, 2014
Imprint: Palgrave Pivot
Language: English

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.

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

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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