The Path to a Modern Economics [electronic resource] : Dealing with the Complexity of Economic Systems /
Schwardt, Henning.author.
The book illustrates how the treatment of complexity in analytical frameworks shapes economic studies. It explores the ways economists make sense of our economic environment and where their differences in interpretations of economic issues and policy proposals are rooted. Schwardt examines developments in economies and the role of the public sector over the last few centuries. Taking a theoretical approach and addressing different analytical frameworks, a basic distinction is introduced between top-down approaches, where assumptions about the economic environment are formulated at the outset; and bottom-up approaches, where an economic environment emerges from the interactions of the individual agents. By recognising the validity of alternate perspectives on economic issues, Schwardt proposes an improved foundation for economics research and policy.
Includes bibliographical references at the end of each chapters and index.
1. Trends and Changes in Economies -- 2. Individual, Economic Environment, and Mutual Relation -- 3. The Functioning and the Functioning of Markets -- 4. Unemployment as Economic Crises -- 5. Frameworks for Economic Policies -- 6. Final Considerations -- .
The book illustrates how the treatment of complexity in analytical frameworks shapes economic studies. It explores the ways economists make sense of our economic environment and where their differences in interpretations of economic issues and policy proposals are rooted. Schwardt examines developments in economies and the role of the public sector over the last few centuries. Taking a theoretical approach and addressing different analytical frameworks, a basic distinction is introduced between top-down approaches, where assumptions about the economic environment are formulated at the outset; and bottom-up approaches, where an economic environment emerges from the interactions of the individual agents. By recognising the validity of alternate perspectives on economic issues, Schwardt proposes an improved foundation for economics research and policy.
Economic policy.
Economics.
Economic history.
Macroeconomics.
Development economics.
Political Economy/Economic Systems.
History of Economic Thought/Methodology.
Economic Policy.
Macroeconomics/Monetary Economics//Financial Economics.
Development Economics.