Economic Ideas You Should Forget (Paperback)

Bruno S. Frey

ISBN 10: 331947457X / ISBN 13: 9783319474571

Published by Springer International Publishing AG, Cham, 2017

About this Item

Paperback. Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge.By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the Coase Theorem to Says Law and Bayesianism. Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence.This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics. Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9783319474571

Bibliographic Details

• Title: Economic Ideas You Should Forget (Paperback)
• Publisher: Springer International Publishing AG, Cham
• Publication Date: 2017
• Language: English
• ISBN 10: 331947457X
• ISBN 13: 9783319474571
• Binding: Paperback
• Edition: 1st Edition
• Condition: new

About this title

Synopsis

Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge.

By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence.

This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.

About the Author

Bruno S. Frey is Permanent Visiting Professor at the University of Basel. He was Professor of Economics at the University of Zurich from 1977-2012, Distinguished Professor of Behavioural Science at the Warwick Business School, UK from 2010-2013 and Senior Professor of Economics at Zeppelin University Friedrichshafen, Germany from 2013-2015. Frey is Research Director of CREMA – Centre for Research in Economics, Management and the Arts, Switzerland and Co-Founder of CREW - Centre for Research in Economics and Well-being at the University of Basel. He was Managing Editor, from 1969-2015, and is now Honorary Editor of Kyklos. Bruno Frey seeks to extend economics beyond the standard neo-classics by including insights from other disciplines, including political science, psychology and sociology.

David Iselin is an economist and member of the corporate communications team at KOF Swiss Economic Institute, ETH Zurich. He is editor of Ökonomenstimme,a policy platform for German-speaking economists. In November 2016, he finished his PhD at ETH Zurich, in which he analyses the relationship between news and the economy. As a freelance journalist, he is a regular contributor for the Swiss weekly DAS MAGAZIN, among others.