Uneconomic Economics and the Crisis of the Model World
Description
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.
Keywords
Political ScienceInternational RelationsTrade & TariffsBusiness & EconomicsEconomic HistoryEconometricsEconomicsMacroeconomicsMoney & Monetary PolicyInternationalPublic PolicyEconomic PolicyTheory
2014Book
Author(s)Matthew Watson
PublisherPalgrave Macmillan UK
ISBN9781137385482
LanguageEnglish
