Uneconomic Economics and the Crisis of the Model World [electronic resource] /
Watson, Matthew.author.
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.
Bibliographic Level Mode of Issuance: Monograph
Includes bibliographical references and index.
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.
Political economy.
Economic history.
International relations.
Economic theory.
Macroeconomics.
International economics.
International Political Economy.
Economic History.
International Relations.
Economic Theory/Quantitative Economics/Mathematical Methods.
Macroeconomics/Monetary Economics//Financial Economics.
International Economics.