Economics--Mathematical Politics or Science of Diminishing Returns?
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A01=Alexander Rosenberg
Author_Alexander Rosenberg
Category=KCA
Category=PDA
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_science
Product details
- ISBN 9780226727233
- Weight: 567g
- Dimensions: 16 x 23mm
- Publication Date: 01 Oct 1992
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability--the capacity to create more precise forecasts by evaluating the success of earlier predictions--and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a science.
