Uneconomic economics and the crisis of the model world
Auteur :
Watson, M.
Éditeur :
Palgrave Macmillan
ISBN :
9781137385482
Date de publication :
17 janv. 2014
Dimensions :
21,6 x 14,0 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.