The Resource Economics rules : why economics works, when it fails, and how to tell the difference, Dani Rodrik
Economics rules : why economics works, when it fails, and how to tell the difference, Dani Rodrik
Resource Information
The item Economics rules : why economics works, when it fails, and how to tell the difference, Dani Rodrik represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Economics rules : why economics works, when it fails, and how to tell the difference, Dani Rodrik represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.
This item is available to borrow from 1 library branch.
- Summary
- The economics profession has become a favourite punching bag in the aftermath of the global financial crisis. Economists are widely reviled and their influence derided by the general public. Yet their services have never been in greater demand. To unravel the paradox, we need to understand both the strengths and weaknesses of economics. Dani Rodrik argues that the multiplicity of theoretical frameworks - what economists call 'models' that exist side by side is economics' great strength. Economists are trained to hold diverse, possibly contradictory models of the world in their minds. This is what allows them, when they do their job right, to comprehend the world, make useful suggestions for improving it, and to advance their stock of knowledge over time. In short, it is what makes economics a 'science' a different kind of science from physics or some other natural sciences, but a science nonetheless. But syncretism is not a comfortable state of mind, and economists often jettison it for misplaced confidence and arrogance, especially when they confront questions of public policy. Economists are prone to fads and fashions, and behave too often as if their discipline is about the search for the model that works always and everywhere, rather than a portfolio of models. Their training lets them down when it comes to navigating among diverse models and figuring out which one applies where. Ideology and political preferences frequently substitute for analysis in choosing among models. So the book offers both a defence and critique of economics. Economists' way of thinking about social phenomena has great advantages. But the flexible, contextual nature of economics is also its Achilles' heel in the hands of clumsy practitioners
- Language
- eng
- Edition
- First edition.
- Extent
- xi, 253 pages
- Isbn
- 9780198736899
- Label
- Economics rules : why economics works, when it fails, and how to tell the difference
- Title
- Economics rules
- Title remainder
- why economics works, when it fails, and how to tell the difference
- Statement of responsibility
- Dani Rodrik
- Language
- eng
- Summary
- The economics profession has become a favourite punching bag in the aftermath of the global financial crisis. Economists are widely reviled and their influence derided by the general public. Yet their services have never been in greater demand. To unravel the paradox, we need to understand both the strengths and weaknesses of economics. Dani Rodrik argues that the multiplicity of theoretical frameworks - what economists call 'models' that exist side by side is economics' great strength. Economists are trained to hold diverse, possibly contradictory models of the world in their minds. This is what allows them, when they do their job right, to comprehend the world, make useful suggestions for improving it, and to advance their stock of knowledge over time. In short, it is what makes economics a 'science' a different kind of science from physics or some other natural sciences, but a science nonetheless. But syncretism is not a comfortable state of mind, and economists often jettison it for misplaced confidence and arrogance, especially when they confront questions of public policy. Economists are prone to fads and fashions, and behave too often as if their discipline is about the search for the model that works always and everywhere, rather than a portfolio of models. Their training lets them down when it comes to navigating among diverse models and figuring out which one applies where. Ideology and political preferences frequently substitute for analysis in choosing among models. So the book offers both a defence and critique of economics. Economists' way of thinking about social phenomena has great advantages. But the flexible, contextual nature of economics is also its Achilles' heel in the hands of clumsy practitioners
- Cataloging source
- DLC
- http://library.link/vocab/creatorName
- Rodrik, Dani
- Dewey number
- 330.01/5195
- Illustrations
- illustrations
- Index
- index present
- LC call number
- HB135
- LC item number
- .R625 2015
- Literary form
- non fiction
- Nature of contents
- bibliography
- http://library.link/vocab/subjectName
-
- Economics, Mathematical
- Economics
- Economic policy
- Economists
- Economic policy
- Economics, Mathematical
- Economics
- Economists
- Label
- Economics rules : why economics works, when it fails, and how to tell the difference, Dani Rodrik
- Bibliography note
- Includes bibliographical references (pages 217-231) and index
- Carrier category
- volume
- Carrier category code
-
- nc
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- 921973365
- Dimensions
- 23 cm
- Edition
- First edition.
- Extent
- xi, 253 pages
- Isbn
- 9780198736899
- Lccn
- 2015948055
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
-
- n
- Other physical details
- illustration
- System control number
- (OCoLC)921973365
- Label
- Economics rules : why economics works, when it fails, and how to tell the difference, Dani Rodrik
- Bibliography note
- Includes bibliographical references (pages 217-231) and index
- Carrier category
- volume
- Carrier category code
-
- nc
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- 921973365
- Dimensions
- 23 cm
- Edition
- First edition.
- Extent
- xi, 253 pages
- Isbn
- 9780198736899
- Lccn
- 2015948055
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
-
- n
- Other physical details
- illustration
- System control number
- (OCoLC)921973365
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/Economics-rules--why-economics-works-when-it/4c962B-hIoo/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/Economics-rules--why-economics-works-when-it/4c962B-hIoo/">Economics rules : why economics works, when it fails, and how to tell the difference, Dani Rodrik</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
