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Synopsis
The economics profession has become a favourite punching bag in the aftermath of the global financial crisis. Economists are widely reviled and their influence derided by the general public. Yet their services have never been in greater demand. To unravel the paradox, we need to understand both the strengths and weaknesses of economics.
Dani Rodrik argues that the multiplicity of theoretical frameworks - what economists call 'models' that exist side...
About the Author
Dani Rodrik is the Albert O. Hirschman Professor at the School of Social Science, Institute for Advanced Study, Princeton, N.J. Previously he held professorships at Harvard and Columbia Universities. He is the author, among other works, of The Globalization Paradox (2011) and One Economics, Many Recipes (2007). He has published widely in economic development and growth, globalization, and political economy.
Review
terrific * The Enlightened Economist, Diane Coyle * I hope open-minded critics of economics will read Economics Rules to learn how the best of economists approach the subject, and how important their work is * The Enlightened Economist, Diane Coyle * Rodriks central message is that economics is a collection of models with which to see the world ... The challenge is to choose which model applies to the situation...
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- PublisherOxford University Press
- Publication date2017
- ISBN 10 0198736908
- ISBN 13 9780198736905
- BindingPaperback
- LanguageEnglish
- Number of pages268
- Rating
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Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference
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Oxford University Press, 2017
ISBN 10: 0198736908
ISBN 13: 9780198736905
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Economics Rules
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ISBN 10: 0198736908
ISBN 13: 9780198736905
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Economics Rules : Why Economics Works, When It Fails, and How to Tell the Difference
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ISBN 10: 0198736908
ISBN 13: 9780198736905
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Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference
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Economics Rules (Paperback)
Published by
Oxford University Press, Oxford, 2017
ISBN 10: 0198736908
ISBN 13: 9780198736905
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Paperback. Condition: new. Paperback. The economics profession has become a favourite punching bag in the aftermath of the global financial crisis. Economists are widely reviled and their influence derided by the general public. Yet their services have never been in greater demand. To unravel the paradox, we need to understand both the strengths and weaknesses of economics. Dani Rodrik argues that the multiplicity of theoretical frameworks - what economists call 'models' that existside by side is economics' great strength. Economists are trained to hold diverse, possibly contradictory models of the world in their minds. This is what allows them, when they do their job right, tocomprehend the world, make useful suggestions for improving it, and to advance their stock of knowledge over time. In short, it is what makes economics a 'science' a different kind of science from physics or some other natural sciences, but a science nonetheless. But syncretism is not a comfortable state of mind, and economists often jettison it for misplaced confidence and arrogance, especially when they confront questions of public policy. Economists are prone to fadsand fashions, and behave too often as if their discipline is about the search for the model that works always and everywhere, rather than a portfolio of models. Their training lets them down when itcomes to navigating among diverse models and figuring out which one applies where. Ideology and political preferences frequently substitute for analysis in choosing among models. So the book offers both a defence and critique of economics. Economists' way of thinking about social phenomena has great advantages. But the flexible, contextual nature of economics is also its Achilles' heel in the hands of clumsy practitioners. Economists are widely reviled and their profession has become a favourite punching bag in the aftermath of the financial crisis. Yet their services have never been in greater demand. To unravel the paradox, we need to understand both the strengths and weaknesses of economics. This book offers both a defence and critique of the field. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780198736905
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Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference
Published by
Oxford University Press, 2017
ISBN 10: 0198736908
ISBN 13: 9780198736905
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Softcover
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Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference
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Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference
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