What Went Wrong With Economics
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What S Wrong With Economics
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Author : Robert Skidelsky
language : en
Publisher: Yale University Press
Release Date : 2020-04-28
What S Wrong With Economics written by Robert Skidelsky and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-28 with Business & Economics categories.
A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the advice of flawed economic models. Noted economic thinker Robert Skidelsky explains the circumstances that have brought about this constriction and proposes an approach to economics which includes philosophy, history, sociology, and politics. Skidelsky’s clearly written and compelling critique takes aim at the way that economics is taught in today’s universities, where a focus on modelling leaves students ill-equipped to grapple with what is important and true about human life. He argues for a return to the ideal set out by John Maynard Keynes that the economist must be a “mathematician, historian, statesman, [and] philosopher” in equal measure.
Economics
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Author : George P. Brockway
language : en
Publisher: HarperCollins Publishers
Release Date : 1985
Economics written by George P. Brockway and has been published by HarperCollins Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Business & Economics categories.
What Went Wrong With Economics
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Author : Michael Reiss
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2011-07-13
What Went Wrong With Economics written by Michael Reiss and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-13 with Economics categories.
In April 2007, a report produced by the International Monetary Fund concluded that the world economy was in great shape only for the biggest economic crisis since the Great Depression to hit just months later. How could economists have got it so wrong? When engineers try to understand complex systems, they are forced to make simplifying assumptions. Sadly if these are flawed, no amount of mathematical wizardry will repair the damage. This book examines the possibility that the problem with economics stems from flawed assumptions. It appears that mainstream economics set off on the wrong foot.This book uncovers many such flaws and shows how the resulting bad economic theories have devastating consequences.Dr Michael Reiss shows how, with more realistic assumptions, economics, and our economic system, can be rescued.
Where Economics Went Wrong
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Author : David Colander
language : en
Publisher: Princeton University Press
Release Date : 2018-11-27
Where Economics Went Wrong written by David Colander and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-27 with Business & Economics categories.
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.
Economists And The State
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Author : Timothy P. Roth
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-05-30
Economists And The State written by Timothy P. Roth and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-30 with Business & Economics categories.
This book will appeal to scholars and students of political economy, political thought, public choice economics and Austrian economics as well as to practitioners and policy-makers interested in how economics should support those serving the public.ø &
A Guide To What S Wrong With Economics
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Author : Edward Fullbrook
language : en
Publisher: Anthem Press
Release Date : 2004
A Guide To What S Wrong With Economics written by Edward Fullbrook and has been published by Anthem Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
During a time of accelerating momentum for radical change in the study of economics, 'A Guide to What's Wrong with Economics' comprehensively re-examines the shortcomings of neoclassical economics and considers a number of alternative formulations.
What S Wrong With Keynesian Economic Theory
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Author : Steven Kates
language : en
Publisher: Edward Elgar Publishing
Release Date : 2016-08-26
What S Wrong With Keynesian Economic Theory written by Steven Kates and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-26 with Business & Economics categories.
Possibly the strangest phenomenon in all of economics is the absence of a long tradition of criticism focused on Keynesian economic theory. Keynesian demand management has been at the centre of some of the worst economic outcomes in history, from the great stagflation of the 1970s to the lost decade and more in Japan following the expenditure program of the 1990s. And once again, following the Global Financial Crisis, it is incontrovertible that no stimulus program in any part of the world has been a success, each one having been abandoned as conditions deteriorated under the weight of public sector spending. This book brings together some of the most vocal critics of Keynesian economics. Each author attempts to explain what is wrong with Keynesian theory in ways that can be understood by those seeking guidance on where to turn for a more accurate explanation of the business cycle and on what to do when recessions occur.
What Went Wrong
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Author : George R. Tyler
language : en
Publisher: BenBella Books
Release Date : 2013-07-16
What Went Wrong written by George R. Tyler and has been published by BenBella Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-16 with Political Science categories.
Something has gone seriously wrong with the American economy. The American economy has experienced considerable growth in the last 30 years. But virtually none of this growth has trickled down to the average American. Incomes have been flat since 1985. Inequality has grown, and social mobility has dropped dramatically. Equally troubling, these policies have been devastating to both American productivity and our long-term competitiveness. Many reasons for these failures have been proposed. Globalization. Union greed. Outsourcing. But none of these explanations can address the harsh truth that many countries around the world are dramatically outperforming the U.S. in delivering broad middle-class prosperity. And this is despite the fact that these countries are more exposed than America to outsourcing and globalization and have much higher levels of union membership. In What Went Wrong, George R. Tyler, a veteran of the World Bank and the Treasury Department, takes the reader through an objective and data-rich examination of the American experience over the last 30 years. He provides a fascinating comparison between the America and the experience of the “family capitalism" countries: Australia, Austria, Belgium, Denmark, France, Germany, the Netherlands, and Sweden. Over the last 30 years, they have outperformed the U.S. economy by the only metric that really matters—delivering better lives for their citizens. The policies adopted by the family capitalist countries aren't socialist or foreign. They are the same policies that made the U.S. economy of the 1950s and 1960s the strongest in the world. What Went Wrong describes exactly what went wrong with the American economy, how countries around the world have avoided these problems, and what we need to do to get back on the right track.
What Went Wrong The Big Picture
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Author : George R. Tyler
language : en
Publisher: BenBella Books, Inc.
Release Date : 2013-09-24
What Went Wrong The Big Picture written by George R. Tyler and has been published by BenBella Books, Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-24 with Business & Economics categories.
What Went Wrong: The Big Picture provides an overview of the in-depth analysis of the full book What Went Wrong. Something has gone seriously wrong: The American economy has experienced considerable growth in the last 30 years, but virtually none of this growth has trickled down to the average American. Incomes have been flat since 1985. Inequality has grown, and social mobility has dropped dramatically. Equally troubling, these policies have been devastating to both American productivity and our long-term competitiveness. Many reasons for these failures have been proposed. Globalization. Union greed. Outsourcing. But none of these explanations can address the harsh truth that many countries around the world are dramatically outperforming the U.S. in delivering broad middle-class prosperity. And this is despite the fact that these countries are more exposed than America to outsourcing and globalization and have much higher levels of union membership. In What Went Wrong: The Big Picture, George R. Tyler, a veteran of the World Bank and the Treasury Department, takes the reader through an objective and data-rich examination of the American experience over the last 30 years. He provides a fascinating comparison between the America and the experience of the "family capitalism" countries: Australia, Austria, Belgium, Denmark, France, Germany, the Netherlands, and Sweden. Over the last 30 years, they have outperformed the U.S. economy by the only metric that really matters—delivering better lives for their citizens. The policies adopted by the family capitalist countries aren't socialist or foreign. They are the same policies that made the U.S. economy of the 1950s and 1960s the strongest in the world. What Went Wrong: The Big Picture describes exactly what went wrong with the American economy, how countries around the world have avoided these problems, and what we need to do to get back on the right track.
What S Wrong With Economics
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Author : Benjamin N. Ward
language : en
Publisher: [London] : Macmillan
Release Date : 1972
What S Wrong With Economics written by Benjamin N. Ward and has been published by [London] : Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Business & Economics categories.