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The assumptions economists make

Author: Jonathan Schlefer
Publisher: Cambridge, Mass. : Belknap Press of Harvard University Press, 2012.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
"Economists make confident assertions in op-ed columns and on cable news--so why are their explanations often at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with these contradictions, Jonathan Schlefer set out to investigate how economists arrive at their opinions. While economists cloak their views in the aura of  Read more...
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Details

Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Jonathan Schlefer
ISBN: 9780674052260 0674052269
OCLC Number: 757935770
Description: xv, 356 pages ; 22 cm
Contents: The metaphor of the invisible hand --
What do economists do? --
In search of a model --
Economics when society matters --
Chasing a chimera --
Utopia --
This imperfect world --
Entering the realm of production --
What caused income inequality? --
Understanding an uncertain world --
In the long run --
In the short run --
The puzzle of the golden age of capitalism --
Economies in crisis --
Thinking about economies.
Responsibility: Jonathan Schlefer.

Abstract:

Economists make confident assertions in op-ed columns and on cable news--so why are their explanations at odds with equally confident assertions from other economists? And why are all economic  Read more...
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Not a history of economic thinkers, this is an examination of their prevailing assumptions, from Adam Smith to the present. Schlefer asserts that macroeconomic models failed to guide government Read more...

 
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