The Puzzle of Modern Economics: Science or Ideology?Cambridge University Press, 21 jun 2010 Does economics hold the key to everything or does the recent financial crisis show that it has failed? This book provides an assessment of modern economics that cuts through the confusion and controversy on this question. Case studies of the creation of new markets, the Russian transition to capitalism, globalization, and money and finance establish that economics has been very successful where problems have been well defined and where the world can be changed to fit the theory, but that it has been less successful in tackling bigger problems. The book then offers a historical perspective on how economists have, since the Second World War, tried to make their subject scientific. It explores the evolving relationship between science and ideology and investigates the place of heterodoxy and dissent within the discipline. |
Overige edities - Alles bekijken
The Puzzle of Modern Economics: Science or Ideology? Roger E. Backhouse Geen voorbeeld beschikbaar - 2010 |
Veelvoorkomende woorden en zinsdelen
academic acid rain analysis approach argued argument assets assumptions auction Backhouse Bank Bank of England became behaviour believed bidders Black-Scholes formula capital cent changes Chicago choice claim competitive conclusions countries Cowles Commission create crisis critics decisions derived developed discussed in Chapter dissent dominant econometric Economic Science economic theory efficient emissions empirical equilibrium evidence example financial markets firms Fischer Black formal free-market Friedman game theory globalization heterodox economists ideas ideology important income individuals industry inequality inflation institutions interest rates investment involved Joseph Stiglitz Keynes Keynesian Keynesian economics licenses macroeconomic mathematical methods models monetarism monetary policy nomic orthodox political possible Post-Keynesian economics poverty problems produced put option question raise rational rational expectations reason regime regulations result rigorous rise role Russian Samuelson scientific sell share prices social Soviet statistical techniques tion trade unemployment United whilst World Bank