skip to content
The craft of economics : lessons from the Heckscher-Ohlin framework Preview this item
ClosePreview this item
Checking...

The craft of economics : lessons from the Heckscher-Ohlin framework

Author: Edward E Leamer
Publisher: Cambridge, Mass. : MIT Press, ©2012.
Series: Ohlin lectures.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
In this spirited and provocative book, Edward Leamer turns an examination of the Heckscher--Ohlin framework for global competition into an opportunity to consider the craft of economics: what economists do, what they should do, and what they shouldn't do. Claiming "a lifetime relationship with Heckscher--Ohlin," Leamer argues that Bertil Ohlin's original idea offered something useful though vague and not necessarily  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Leamer, Edward E.
Craft of economics.
Cambridge, Mass. : MIT Press, ©2012
(DLC) 2011024367
(OCoLC)730114674
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Edward E Leamer
ISBN: 9780262301589 026230158X 1283448947 9781283448949
OCLC Number: 774393823
Description: 1 online resource (ix, 196 pages) : illustrations.
Contents: Introduction --
The Heckscher-Ohlin framework as economic fiction --
The econometric journalism of the HO framework.
Series Title: Ohlin lectures.
Responsibility: Edward E. Leamer.

Abstract:

In this spirited and provocative book, Edward Leamer turns an examination of the Heckscher--Ohlin framework for global competition into an opportunity to consider the craft of economics: what economists do, what they should do, and what they shouldn't do. Claiming "a lifetime relationship with Heckscher--Ohlin," Leamer argues that Bertil Ohlin's original idea offered something useful though vague and not necessarily valid; the economists who later translated his ideas into mathematical theorems offered something precise and valid but not necessarily useful. He argues further that the best economists keep formal and informal thinking in balance. An Ohlinesque mostly prose style can let in faulty thinking and fuzzy communication; a mostly math style allows misplaced emphasis and opaque communication. Leamer writes that today's model- and math-driven economics needs more prose and less math. Leamer shows that the Heckscher--Ohlin framework is still useful, and that there is still much work to be done with it. But he issues a caveat about economists: "What we do is not science, it's fiction and journalism." Economic theory, he writes, is fiction (stories, loosely connected to the facts); data analysis is journalism (facts, loosely connected to the stories). Rather than titling the two sections of his book Theory and Evidence, he calls them Economic Fiction and Econometric Journalism, explaining, "If you find that startling, that's good. I am trying to keep you awake."

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/774393823> # The craft of economics lessons from the Heckscher-Ohlin framework
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
   library:oclcnum "774393823" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/908770259#Place/cambridge_mass> ; # Cambridge, Mass.
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   schema:about <http://experiment.worldcat.org/entity/work/data/908770259#Topic/business_&_economics_international_general> ; # BUSINESS & ECONOMICS--International--General
   schema:about <http://dewey.info/class/382.01/e23/> ;
   schema:about <http://experiment.worldcat.org/entity/work/data/908770259#Topic/political_science_international_relations_trade_&_tariffs> ; # POLITICAL SCIENCE--International Relations--Trade & Tariffs
   schema:about <http://id.worldcat.org/fast/954427> ; # Heckscher-Ohlin principle
   schema:about <http://experiment.worldcat.org/entity/work/data/908770259#Topic/business_&_economics_international_marketing> ; # BUSINESS & ECONOMICS--International--Marketing
   schema:about <http://experiment.worldcat.org/entity/work/data/908770259#Topic/international_konkurrenceevne> ; # International konkurrenceevne
   schema:about <http://id.worldcat.org/fast/902116> ; # Economics
   schema:about <http://id.loc.gov/authorities/subjects/sh2008104853> ; # International trade--Econometric models
   schema:about <http://experiment.worldcat.org/entity/work/data/908770259#Topic/international_handel> ; # International handel
   schema:about <http://experiment.worldcat.org/entity/work/data/908770259#Topic/business_&_economics_exports_&_imports> ; # BUSINESS & ECONOMICS--Exports & Imports
   schema:about <http://id.worldcat.org/fast/977133> ; # International trade--Econometric models
   schema:about <http://experiment.worldcat.org/entity/work/data/908770259#Topic/business_&_economics_econometrics> ; # BUSINESS & ECONOMICS--Econometrics
   schema:bookFormat schema:EBook ;
   schema:copyrightYear "2012" ;
   schema:creator <http://experiment.worldcat.org/entity/work/data/908770259#Person/leamer_edward_e> ; # Edward E. Leamer
   schema:datePublished "2012" ;
   schema:description "In this spirited and provocative book, Edward Leamer turns an examination of the Heckscher--Ohlin framework for global competition into an opportunity to consider the craft of economics: what economists do, what they should do, and what they shouldn't do. Claiming "a lifetime relationship with Heckscher--Ohlin," Leamer argues that Bertil Ohlin's original idea offered something useful though vague and not necessarily valid; the economists who later translated his ideas into mathematical theorems offered something precise and valid but not necessarily useful. He argues further that the best economists keep formal and informal thinking in balance. An Ohlinesque mostly prose style can let in faulty thinking and fuzzy communication; a mostly math style allows misplaced emphasis and opaque communication. Leamer writes that today's model- and math-driven economics needs more prose and less math. Leamer shows that the Heckscher--Ohlin framework is still useful, and that there is still much work to be done with it. But he issues a caveat about economists: "What we do is not science, it's fiction and journalism." Economic theory, he writes, is fiction (stories, loosely connected to the facts); data analysis is journalism (facts, loosely connected to the stories). Rather than titling the two sections of his book Theory and Evidence, he calls them Economic Fiction and Econometric Journalism, explaining, "If you find that startling, that's good. I am trying to keep you awake.""@en ;
   schema:description "Introduction -- The Heckscher-Ohlin framework as economic fiction -- The econometric journalism of the HO framework."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/908770259> ;
   schema:genre "Electronic books"@en ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/908770259#Series/ohlin_lectures> ; # Ohlin lectures.
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/908770259#Series/the_ohlin_lectures> ; # The Ohlin lectures
   schema:isSimilarTo <http://www.worldcat.org/oclc/730114674> ;
   schema:name "The craft of economics lessons from the Heckscher-Ohlin framework"@en ;
   schema:productID "774393823" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/774393823#PublicationEvent/cambridge_mass_mit_press_2012> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/908770259#Agent/mit_press> ; # MIT Press
   schema:url <http://www.myilibrary.com?id=344894&ref=toc> ;
   schema:url <http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=430305> ;
   schema:url <http://www.jstor.org/stable/10.2307/j.ctt5vjpmd> ;
   schema:url <http://site.ebrary.com/id/10527255> ;
   schema:url <http://www.myilibrary.com?id=344894> ;
   schema:url <http://public.eblib.com/choice/PublicFullRecord.aspx?p=3339368> ;
   schema:workExample <http://worldcat.org/isbn/9780262301589> ;
   schema:workExample <http://worldcat.org/isbn/9781283448949> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/774393823> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/908770259#Person/leamer_edward_e> # Edward E. Leamer
    a schema:Person ;
   schema:familyName "Leamer" ;
   schema:givenName "Edward E." ;
   schema:name "Edward E. Leamer" ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
   schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Series/ohlin_lectures> # Ohlin lectures.
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/774393823> ; # The craft of economics lessons from the Heckscher-Ohlin framework
   schema:name "Ohlin lectures." ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Series/the_ohlin_lectures> # The Ohlin lectures
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/774393823> ; # The craft of economics lessons from the Heckscher-Ohlin framework
   schema:name "The Ohlin lectures" ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Topic/business_&_economics_econometrics> # BUSINESS & ECONOMICS--Econometrics
    a schema:Intangible ;
   schema:name "BUSINESS & ECONOMICS--Econometrics"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Topic/business_&_economics_exports_&_imports> # BUSINESS & ECONOMICS--Exports & Imports
    a schema:Intangible ;
   schema:name "BUSINESS & ECONOMICS--Exports & Imports"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Topic/business_&_economics_international_general> # BUSINESS & ECONOMICS--International--General
    a schema:Intangible ;
   schema:name "BUSINESS & ECONOMICS--International--General"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Topic/business_&_economics_international_marketing> # BUSINESS & ECONOMICS--International--Marketing
    a schema:Intangible ;
   schema:name "BUSINESS & ECONOMICS--International--Marketing"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Topic/international_handel> # International handel
    a schema:Intangible ;
   schema:name "International handel"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Topic/international_konkurrenceevne> # International konkurrenceevne
    a schema:Intangible ;
   schema:name "International konkurrenceevne"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/908770259#Topic/political_science_international_relations_trade_&_tariffs> # POLITICAL SCIENCE--International Relations--Trade & Tariffs
    a schema:Intangible ;
   schema:name "POLITICAL SCIENCE--International Relations--Trade & Tariffs"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2008104853> # International trade--Econometric models
    a schema:Intangible ;
   schema:name "International trade--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/902116> # Economics
    a schema:Intangible ;
   schema:name "Economics"@en ;
    .

<http://id.worldcat.org/fast/954427> # Heckscher-Ohlin principle
    a schema:Intangible ;
   schema:name "Heckscher-Ohlin principle"@en ;
    .

<http://id.worldcat.org/fast/977133> # International trade--Econometric models
    a schema:Intangible ;
   schema:name "International trade--Econometric models"@en ;
    .

<http://worldcat.org/isbn/9780262301589>
    a schema:ProductModel ;
   schema:isbn "026230158X" ;
   schema:isbn "9780262301589" ;
    .

<http://worldcat.org/isbn/9781283448949>
    a schema:ProductModel ;
   schema:isbn "1283448947" ;
   schema:isbn "9781283448949" ;
    .

<http://www.worldcat.org/oclc/730114674>
    a schema:CreativeWork ;
   rdfs:label "Craft of economics." ;
   schema:description "Print version:" ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/774393823> ; # The craft of economics lessons from the Heckscher-Ohlin framework
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.