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Uneconomic Economics and the Crisis of the Model World

★★★★★
★★★★★

English

By (author): M. Watson

What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets. See more
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Product Details
  • Dimensions: 140 x 216mm
  • Publication Date: 17 Jan 2014
  • Publisher: Palgrave Macmillan
  • Publication City/Country: United Kingdom
  • Language: English
  • ISBN13: 9781137385482

About M. Watson

Matthew Watson is Professor of Political Economy in the Department of Politics and International Studies at the University of Warwick UK. Since 2013 he is also an ESRC Professorial Fellow working on the project 'Rethinking the Market'. In his research he applies methodologies from the history of thought in order to understand how modern-day markets take their distinctive form.

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