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Author: George Arthur Lehmann Publisher: AuthorHouse ISBN: 149188293X Category : Education Languages : en Pages : 263
Book Description
Why do economists disagree? Economists disagree because they are bounded by different research methodologies and certain methodological simplifications; simplifications which we can first see in the writings of classical economists. It is the aim of this writing to argue that the methodological simplifications, which we find in the writings of classical economists, are still a source of controversy, as many contemporary economists still research in accordance with generic simplifications, while other academics have progressed. This is why economists disagree with each other.
Author: George Arthur Lehmann Publisher: AuthorHouse ISBN: 149188293X Category : Education Languages : en Pages : 263
Book Description
Why do economists disagree? Economists disagree because they are bounded by different research methodologies and certain methodological simplifications; simplifications which we can first see in the writings of classical economists. It is the aim of this writing to argue that the methodological simplifications, which we find in the writings of classical economists, are still a source of controversy, as many contemporary economists still research in accordance with generic simplifications, while other academics have progressed. This is why economists disagree with each other.
Author: Bert Tieben Publisher: Edward Elgar Publishing ISBN: 1781953511 Category : Business & Economics Languages : en Pages : 689
Book Description
'Bert Tieben is very well read in the history of economic thought and provides an overview of one of the basic concepts of economics that is unrivalled both in its scope and in its thoughtful and detailed discussion of the various currents and schools. It goes right to the heart of economic theory and asks some pertinent questions about the limits and the future of economic theorizing. That is, I think, what sets it apart from many other studies in the history of economic thought: it is history with an eye to the future, and it does all this without making any demands on the mathematical skills of the reader. This book should therefore appeal to everybody who is interested in the methodology of economics and in exploring the boundaries of economic analysis.' Hans Visser, VU University, Amsterdam, The Netherlands This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the contradictory assessments of the equilibrium concept in economics? Do economists belonging to different traditions disagree about the definition of equilibrium or do they adopt different rules for assessing scientific status? In this unique and exhaustive study, Bert Tieben answers these questions by investigating the history of equilibrium economics from 1700 to the present day. He concludes that ideology strongly coloured the development of this branch of theory, helping to explain the vehemence of the debates surrounding the concept. He also argues that scientific progress in economics may indeed be fostered by such opposition and contention, and calls for cross fertilization and stronger cooperation between the different schools of thought. This resourceful book will appeal to post graduate students and scholars in the history of economic thought and economic methodology. Both neoclassical and heterodox economists, most notably Austrian, post Keynesian and institutional economists, will also find much to interest them.
Author: Thorstein Veblen Publisher: Read Books Ltd ISBN: 147339886X Category : Business & Economics Languages : en Pages : 28
Book Description
Why is Economics not an Evolutionary Science' was first published in 1898 in the Quarterly Journal of Economics. It's author, Thorstein Veblen, was the son of Norwegian American immigrants. He grew up to become a prominent economist and sociologist, producing many books and articles. The subject of this article is arguably the concept he is best known for: utilising evolutionary theory to develop a 20th century theory of economics. This is a must read for anyone with an interest in the influential ideas of this renowned thinker. We are republishing this work with a brand new introductory biography.
Author: Arjo Klamer Publisher: Totowa, N.J. : Rowman & Allanheld ISBN: Category : Business & Economics Languages : en Pages : 288
Book Description
A collection of interviews with 11 of the nation's leading economic theorists providing an introduction to current issues in economic theory and to the ways in which economists think.
Author: David Colander Publisher: Princeton University Press ISBN: 0691179204 Category : Business & Economics Languages : en Pages : 284
Book Description
How modern economics abandoned classical liberalism and lost its way Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the minimum wage is good policy. Decades later, Friedman’s prediction has not come true. In Where Economics Went Wrong, David Colander and Craig Freedman argue that it never will. Why? Because economic policy, when done correctly, is an art and a craft. It is not, and cannot be, a science. The authors explain why classical liberal economists understood this essential difference, why modern economists abandoned it, and why now is the time for the profession to return to its classical liberal roots. Carefully distinguishing policy from science and theory, classical liberal economists emphasized values and context, treating economic policy analysis as a moral science where a dialogue of sensibilities and judgments allowed for the same scientific basis to arrive at a variety of policy recommendations. Using the University of Chicago—one of the last bastions of classical liberal economics—as a case study, Colander and Freedman examine how both the MIT and Chicago variants of modern economics eschewed classical liberalism in their attempt to make economic policy analysis a science. By examining the way in which the discipline managed to lose its bearings, the authors delve into such issues as the development of welfare economics in relation to economic science, alternative voices within the Chicago School, and exactly how Friedman got it wrong. Contending that the division between science and prescription needs to be restored, Where Economics Went Wrong makes the case for a more nuanced and self-aware policy analysis by economists.
Author: David C. Colander Publisher: Edward Elgar Publishing ISBN: Category : Biography & Autobiography Languages : en Pages : 232
Book Description
Following up on his 1990 collection of essays Why Aren't Economists as Important as Garbagemen, Colander (Economics, Middlebury College, Vermont) reprints another 12 essays expressing his evolving ideas about the work and profession. They are intended for general academic readers, though he warns that economists will understand some parts than others, and to be fun to read. c. Book News Inc.
Author: George Arthur Lehmann
Author: George Arthur Lehmann
Author: Ken Cole
Author: Israel M. Kirzner
Author: Bert Tieben
Author: Thorstein Veblen
Author: Dani Rodrik
Author: Deirdre N. McCloskey
Author: Arjo Klamer
Author: David Colander
Author: David C. Colander