Description

Book Synopsis
Economists make confident assertions in op-ed columns and on cable newsso why are their explanations often at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with these contradictions, Jonathan Schlefer set out to investigate how economists arrive at their opinions. A lucid, plain-spoken account of the major economic models, which [Schlefer] introduces in chronological order, creating a kind of intellectual history of macroeconomics. He explains what the models assume, what they actually demonstrateand where they fall short.Binyamin Applebaum, New York Times blogFascinating...[Schlefer's] book is a tough critique of economics, but a deeply informed and sympathetic one.Justin Fox, Harvard Business Review blogThis book is an impressive and informative analysis of the economics literatureand it presents some useful insights about how a more eclectic, catholic approach might all

The Assumptions Economists Make

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    A Paperback / softback by Jonathan Schlefer

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      Publisher: Harvard University Press
      Publication Date: Publication Date: 15/05/2017
      ISBN13: 9780674975408, 978-0674975408
      ISBN10: 0674975405
      Also in:
      Economics

      Description

      Book Synopsis
      Economists make confident assertions in op-ed columns and on cable newsso why are their explanations often at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with these contradictions, Jonathan Schlefer set out to investigate how economists arrive at their opinions. A lucid, plain-spoken account of the major economic models, which [Schlefer] introduces in chronological order, creating a kind of intellectual history of macroeconomics. He explains what the models assume, what they actually demonstrateand where they fall short.Binyamin Applebaum, New York Times blogFascinating...[Schlefer's] book is a tough critique of economics, but a deeply informed and sympathetic one.Justin Fox, Harvard Business Review blogThis book is an impressive and informative analysis of the economics literatureand it presents some useful insights about how a more eclectic, catholic approach might all

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