Uneconomic Economics and the Crisis of the Model World

M. Watson

Palgrave Macmillan, 2014

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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.

ISBN-13
9781137385482
ISBN-10
1137385480
Publisher
Palgrave Macmillan
Year
2014
Publication date
2014-01-17
Pages
108
Dimensions
225x147x19
Weight
290