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Economics is dominated by model building, therefore a comprehension of how such models work is vital to understanding …
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Takes a close look at economics to examine when it falls short and when it works, to give a surprisingly upbeat account … economics can be a powerful tool that improves the world--but only when economists abandon universal theories and focus on … getting the context right. Economics Rules argues that the discipline's much-derided mathematical models are its true strength …
Persistent link: https://www.econbiz.de/10013487609
Paul Samuelson's recent article in the Journal of Economic Perspectives (2004) started drawing attention even before it was officially published (Fingleton, 2004). His conclusions go against the weight of 200 years of trade theory in concluding that international trade can, at times, result in...
Persistent link: https://www.econbiz.de/10014069381
This author's version of a forthcoming SpringerBrief responds to the criticism that mainstream economics is currently …, identifying issues that are also relevant for heterodox and pluralist approaches to economics. By acknowledging that the world of …
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This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic … a broad and self-contained picture of how behavioral economics is changing the mainstream of economics. …
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