• Sign In / Register
  • Help
  • Basket0
Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference (Paperback)
  • Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference (Paperback)
zoom

Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference (Paperback)

(author)
£10.99
Paperback 272 Pages / Published: 19/01/2017
  • In stock online

Usually despatched within 24 hours

  • This item has been added to your basket
Your local Waterstones may have stock of this item. Please check by using Click & Collect
The economics profession has become a favourite punching bag in the aftermath of the global financial crisis. Economists are widely reviled and their influence derided by the general public. Yet their services have never been in greater demand. To unravel the paradox, we need to understand both the strengths and weaknesses of economics. Dani Rodrik argues that the multiplicity of theoretical frameworks - what economists call 'models' that exist side by side is economics' great strength. Economists are trained to hold diverse, possibly contradictory models of the world in their minds. This is what allows them, when they do their job right, to comprehend the world, make useful suggestions for improving it, and to advance their stock of knowledge over time. In short, it is what makes economics a 'science' a different kind of science from physics or some other natural sciences, but a science nonetheless. But syncretism is not a comfortable state of mind, and economists often jettison it for misplaced confidence and arrogance, especially when they confront questions of public policy. Economists are prone to fads and fashions, and behave too often as if their discipline is about the search for the model that works always and everywhere, rather than a portfolio of models. Their training lets them down when it comes to navigating among diverse models and figuring out which one applies where. Ideology and political preferences frequently substitute for analysis in choosing among models. So the book offers both a defence and critique of economics. Economists' way of thinking about social phenomena has great advantages. But the flexible, contextual nature of economics is also its Achilles' heel in the hands of clumsy practitioners.

Publisher: Oxford University Press
ISBN: 9780198736905
Number of pages: 272
Weight: 291 g
Dimensions: 214 x 143 x 20 mm

You may also be interested in...

Capitalism and Freedom
Added to basket
How the Economy Works
Added to basket
Small Is Beautiful
Added to basket
The Worldly Philosophers
Added to basket
Game Theory: A Very Short Introduction
Added to basket
The Wealth Of Nations
Added to basket
A Companion to Marx's Capital
Added to basket
The Wealth of Nations
Added to basket
Keynes Hayek
Added to basket
£12.99
Paperback
The Wealth of Nations
Added to basket
How Much is Enough?
Added to basket
30-Second Economics
Added to basket
The Essential Keynes
Added to basket
The Theory of Moral Sentiments
Added to basket
Conspicuous Consumption
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.