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Uneconomic Economics and the Crisis of the Model World (Building a Sustainable Political Economy)
Matthew Watson
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Description for Uneconomic Economics and the Crisis of the Model World (Building a Sustainable Political Economy)
Hardcover. 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. Series: Building a Sustainable Political Economy: Speri Research & Policy. Num Pages: 118 pages, biography. BIC Classification: KCA; KCL; KCP; KCX; KCZ. Category: (P) Professional & Vocational. Dimension: 225 x 147 x 19. Weight in Grams: 290.
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.
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.
Product Details
Format
Hardback
Publication date
2014
Publisher
Palgrave Pivot
Condition
New
Series
Building a Sustainable Political Economy: Speri Research & Policy
Number of Pages
108
Place of Publication
Basingstoke, United Kingdom
ISBN
9781137385482
SKU
V9781137385482
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Matthew Watson
Matthew Watson is Professor of Political Economy in the Department of Politics and International Studies at the University of Warwick, UK. Since 2013 he is also an ESRC Professorial Fellow working on the project 'Rethinking the Market'. In his research he applies methodologies from the history of thought in order to understand how modern-day markets take their distinctive form.
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