Uneconomic Economics and the Crisis of the Model World
Download or Read eBook Uneconomic Economics and the Crisis of the Model World PDF written by M. Watson and published by Springer. This book was released on 2014-01-17 with total page 119 pages. Available in PDF, EPUB and Kindle.
| Author | : M. Watson |
| Publisher | : Springer |
| Total Pages | : 119 |
| Release | : 2014-01-17 |
| ISBN-10 | : 9781137385499 |
| ISBN-13 | : 1137385499 |
| Rating | : 4/5 (99 Downloads) |
Book Synopsis Uneconomic Economics and the Crisis of the Model World by : M. Watson
Book excerpt: 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.
