Economics And Reality

Economics and Reality PDF
Author: Senior Lecturer in Social Sciences Tony Lawson
Publisher: Psychology Press
ISBN: 9780415154208
Size: 37.21 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 364
View: 4288

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Economics And Reality

by Senior Lecturer in Social Sciences Tony Lawson, Economics And Reality Books available in PDF, EPUB, Mobi Format. Download Economics And Reality books, There is a wide spread belief that modern economics is irrelevent to the understanding of the real world. In an original study, Tony Lawson offers a provocative account of why economics has gone wrong and how it can be put back on track.


Modern Classical Economics And Reality

Modern Classical Economics and Reality PDF
Author: Theodore Mariolis
Publisher: Springer
ISBN: 4431550046
Size: 54.42 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 242
View: 589

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Modern Classical Economics And Reality

by Theodore Mariolis, Modern Classical Economics And Reality Books available in PDF, EPUB, Mobi Format. Download Modern Classical Economics And Reality books, This book presents an in-depth, novel, and mathematically rigorous treatment of the modern classical theory of value based on the spectral analysis of the price–profit–wage rate system. The classical theory is also subjected to empirical testing to show its logical consistency and explanatory content with respect to observed phenomena and key economic policy issues related to various multiplier processes. In this context, there is an examination of the trajectories of relative prices when the distributive variables change, both theoretically and empirically, using actual input–output data from a number of quite divers e economies. It is suggested that the actual economies do not behave like the parable of a one-commodity world of the traditional neoclassical theory, which theorizes the relative scarcities of “goods and production factors” as the fundamental determinants of relative prices and their movement. By contrast, the results of the empirical analysis are fully consistent with the modern classical theory, which makes the intersectoral structure of production and the way in which net output is distributed amongst its claimants the fundamental determinants of price magnitudes. At the same time, however, these results indicate that only a few vertically integrated industries (“industry core” or “hyper-basic industries”) are enough to shape the behaviour of the entire economy in the case of a disturbance. This fact is reduced to the skew distribution of the eigenvalues of the matrices of vertically integrated technical coefficients and reveals that, across countries and over time, the effective dimensions of actual economies are surprisingly low. Normal 0 false false false EN-US JA X-NONE />


Economics And Reality

Economics and reality PDF
Author: Harald Uhlig
Publisher:
ISBN:
Size: 71.53 MB
Format: PDF, Docs
Category : Economics
Languages : en
Pages : 28
View: 5204

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Economics And Reality

by Harald Uhlig, Economics And Reality Books available in PDF, EPUB, Mobi Format. Download Economics And Reality books, This paper is a non-technical and somewhat philosophical essay, that seeks to investigate the relationship between economics and reality. More precisely, it asks how reality in the form empirical evidence does or does not influence economic thinking and theory. In particular, which role do calibration, statistical inference, and structural change play? What is the current state of affairs, what are the successes and failures, what are the challenges? I shall tackle these questions moving from general to specific. For the general perspective, I examine the following four points of view. First, economics is a science. Second, economics is an art. Third, economics is a competition. Forth, economics politics. I then examine four specific cases for illustration and debate. First, is there a Phillips curve? Second, are prices sticky? Third, does contractionary monetary policy lead to a contraction in output? Forth, what causes business cycles? The general points as well as the specific cases each have their own implication for the central question at hand. Armed with this list of implications, I shall then attempt to draw a summary conclusion and provide an overall answer.


Economics And Reality

Economics and Reality PDF
Author: Harald Friedrich Hans Volker Sigmar Uhlig
Publisher:
ISBN:
Size: 68.22 MB
Format: PDF, ePub
Category : Economics
Languages : en
Pages :
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Economics And Reality

by Harald Friedrich Hans Volker Sigmar Uhlig, Economics And Reality Books available in PDF, EPUB, Mobi Format. Download Economics And Reality books,


Models And Reality In Economics

Models and Reality in Economics PDF
Author: Steven Rappaport
Publisher: Edward Elgar Pub
ISBN: 9781858985756
Size: 80.95 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 223
View: 4840

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Models And Reality In Economics

by Steven Rappaport, Models And Reality In Economics Books available in PDF, EPUB, Mobi Format. Download Models And Reality In Economics books, 'Models and Reality in Economics is a welcome addition to the literature on economic methodology. . . . Rappaport takes no philosophical short-cuts and adheres to a much higher standard of philosophical rigor than is characteristic of work on economic methodology. . . . This is a fine book that all those seriously interested in economic methodology should study.' - Daniel Hausman, the Economic Journal 'Models and Reality in Economics is without doubt a significant contribution to what is perhaps the key methodological problem in contemporary economics. . . . It is a book that deserves to be read.' - Roger E. Backhouse, the Manchester School '. . . is a welcome addition to the literature on economic methodology. . . . Models and Reality in Economics is a fine book that all those seriously interested in economic methodology should study.' - Journal of Economic Literature Models and Reality in Economics is an important contribution to the philosophy of economics and the conduct of inquiry in economics. It examines what economists do and what economics is about.


Theory And Reality In Financial Economics

Theory and Reality in Financial Economics PDF
Author: George M. Frankfurter
Publisher: World Scientific
ISBN: 9812707913
Size: 57.70 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 215
View: 184

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Theory And Reality In Financial Economics

by George M. Frankfurter, Theory And Reality In Financial Economics Books available in PDF, EPUB, Mobi Format. Download Theory And Reality In Financial Economics books, A collection of essays dealing with financial markets' imperfections, and the inability of neoclassical economics to deal with such imperfections. This book argues that financial economics, as based on the tenets of neoclassical economics, cannot answer or solve the real-life problems that people face.


Capitalism Macroeconomics And Reality

Capitalism  Macroeconomics and Reality PDF
Author: James Crotty
Publisher: Edward Elgar Publishing
ISBN: 1784719021
Size: 16.76 MB
Format: PDF, ePub, Mobi
Category :
Languages : en
Pages : 448
View: 3146

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Capitalism Macroeconomics And Reality

by James Crotty, Capitalism Macroeconomics And Reality Books available in PDF, EPUB, Mobi Format. Download Capitalism Macroeconomics And Reality books, The essays comprising this collection analyze the deep flaws in the methodological foundation of mainstream economic theory, and explain how these flaws make mainstream economics more ideology than sound social science. James Crotty develops alternative theories built on realistic assumptions that can explain most of the disastrous economic and financial developments of the past four decades. His work contributes to the collective creation of a solid theoretical foundation on which to build an understanding of the ‘laws of motion’ of capitalism in the post WWII era.


Rhetoric And Reality

Rhetoric and Reality PDF
Author: Peter Robinson
Publisher:
ISBN:
Size: 12.22 MB
Format: PDF, Docs
Category : Education
Languages : en
Pages : 45
View: 1573

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Rhetoric And Reality

by Peter Robinson, Rhetoric And Reality Books available in PDF, EPUB, Mobi Format. Download Rhetoric And Reality books,


Economic Theory And Reality

Economic Theory and Reality PDF
Author: Tibor Scitovsky
Publisher: Edward Elgar Pub
ISBN:
Size: 16.14 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 243
View: 3404

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Economic Theory And Reality

by Tibor Scitovsky, Economic Theory And Reality Books available in PDF, EPUB, Mobi Format. Download Economic Theory And Reality books, Economic Theory and Reality presents Tibor Scitovsky's latest thinking on the relationship between economic theory and economic reality. This volume features discussion of many of the important theoretical contributions made to economics over the last 40 years including the Keynesian revolution and the ideas of Lerner, Steindl, Hirsch, Frank and many others who extended and enhanced the economist's toolbox.Professor Scitovsky's attempt to make economic theory more realistic and thereby more useful is the subject of the first part of the volume which includes his work on the necessity of asymmetric markets, some market power and righteous behaviour as conditions of a progressive and properly functioning market economy. The second major theme is the shortcomings of the real-world economy and, in particular, its failure to maintain macroequilibrium, price stability and full employment. This part includes examinations of inflexible wages and prices, excessive claims, positional goods, and the impact of second-hand markets on the macroeconomy. Economic Theory and Reality improves access to Professor Scitovsky's most important recent work, much of which was originally published either in foreign languages or outside the mainstream literature. As well as improving our understanding of his approach to economics and the contributions which he has made to scholarship, this book addresses key questions about the relevance of economic theory and its future direction.


Reason And Reality In The Methodologies Of Economics

Reason and Reality in the Methodologies of Economics PDF
Author: Glenn Fox
Publisher: Edward Elgar Pub
ISBN:
Size: 78.94 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 142
View: 3599

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Reason And Reality In The Methodologies Of Economics

by Glenn Fox, Reason And Reality In The Methodologies Of Economics Books available in PDF, EPUB, Mobi Format. Download Reason And Reality In The Methodologies Of Economics books, This highly original new book examines the scientific status of economics from the perspective of practising economists. It studies how they evaluate their theories, the relationship between those theories and the phenomena they are intended to represent, and the philosophy, methodology and scientific credentials of economics. It examines the tension between economics as the logic of rational choice and as a predictive science, that is reason and reality respectively.It surveys the five most influential schools of thought in the methodology of economics, with special emphasis on theory appraisal: logical positivism, instrumentalism, a priorism, scientific realism and rhetorical analysis. Professor Fox assesses the extent to which economists have followed the precepts and consequences of their methodological position. He extends the discussion to consider the purpose of such economic inquiry, the scope of application and the appropriate structure of economic theory, as the legitimate sources of economic knowledge. In conclusion he argues that a resolution of existing and emerging methodological controversies in economics must begin with a better understanding of the various voices within the discipline.Intended as an introduction to the major schools of thought in economics, this book will be of interest to students and scholars of economics, philosophy and economic methodology.