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Development, geography, and economic theory

Autore: Paul R Krugman
Editore: Cambridge, Mass. : MIT Press, ©1995.
Serie: Ohlin lectures, 6.
Edizione/Formato:   book_printbook : EnglishVedi tutte le edizioni e i formati
Banca dati:WorldCat
Sommario:
Paul Krugman argues that the unwillingness of mainstream economists to think about what they could not formalize led them to ignore ideas that turn out, in retrospect, to have been very good ones. Krugman examines the course of economic geography and development theory to shed light on the nature of economic inquiry. He traces how development theory lost its huge initial influence and virtually disappeared from  Per saperne di più…
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Genere/forma: History
Tipo documento: Book
Tutti gli autori / Collaboratori: Paul R Krugman
ISBN: 0262112035 9780262112031
Numero OCLC: 32467364
Descrizione: ix, 117 pages ; 21 cm.
Titolo della serie: Ohlin lectures, 6.
Responsabilità: Paul Krugman.

Abstract:

Paul Krugman argues that the unwillingness of mainstream economists to think about what they could not formalize led them to ignore ideas that turn out, in retrospect, to have been very good ones. Krugman examines the course of economic geography and development theory to shed light on the nature of economic inquiry. He traces how development theory lost its huge initial influence and virtually disappeared from economic discourse after it became clear that many of the theory's main insights could not be clearly modeled. Economic geography seems to have fared even worse, as economists shied away from grappling with questions about space - such as the size, location, or even existence of cities - because the "terrain was seen as unsuitable for the tools at hand." Krugman's book, however, is not a call to abandon economic modeling. He concludes with a reminder of why insisting on the use of models may be right, even when these sometimes lead economists to overlook good ideas.

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