Uneconomic Economics and the Crisis of the Model World

By Matthew Watson

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.

• Format: Hardcover
• Language: English
• ISBN: 1137385480
• ISBN13: 9781137385482
• Release Date: January 2014
• Publisher: Palgrave Pivot
• Length: 108 Pages
• Weight: 0.67 lbs.
• Dimensions: 0.4" x 5.5" x 8.5"