Last edited by Samugal
Tuesday, July 14, 2020 | History

2 edition of What"s wrong with mainstream macroeconomics?. found in the catalog.

What"s wrong with mainstream macroeconomics?.

John H. Hotson

What"s wrong with mainstream macroeconomics?.

by John H. Hotson

  • 38 Want to read
  • 21 Currently reading

Published by University of Waterloo in Waterloo, Ont .
Written in English


Edition Notes

SeriesWaterloo economic series -- no. 128
ID Numbers
Open LibraryOL14573000M

A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time. This insightful book looks at how mainstream economics' quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the advice . Some of the theoretical foundations of mainstream economics are also being rebuilt. For example, behavioural economics—the fusion of economics and psychology—has become both fashionable and important. Economists are now taking seriously the idea of cognitive limits and lapses which may undermine economic rationality and cause markets to fail.

  Krugman has argued that ‘Keynesian’ macroeconomics more than anything else “made economics the model-oriented field it has become.” In Krugman’s eyes, Keynes was a “pretty klutzy modeler,” and it was only thanks to Samuelson’s famous degree diagram and Hicks’s IS-LM that things got into place.   In economics, government debt is considered unsustainable when the interest paid on debt (‘r’) exceeds economic growth (‘g’): r > g. PZIRP is an attempt to deal with this potential problem by suppressing r permanently, and it has been observed that countries with very high debt levels will tend to be forced to adopt this policy.

  We need a resource that sifts out what is correct from what is incorrect or confused in the mainstream text. And now we have it. Professor Jeffrey Herbener has taken the highly popular Samuelson/Nordhaus Economics textbook and subjected it to a chapter-by-chapter critique. (See the topics below.) It is the tool we Austrians have been waiting for.   If you're interested in modern monetary theory, then Macroeconomics, 1st Edition (appx. $65) is the book for you. It encourages students to take a critical eye to prevalent ideas and lays out a brand new heterodox model derived .


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What"s wrong with mainstream macroeconomics? by John H. Hotson Download PDF EPUB FB2

A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the /5(5).

A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics' quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the Pages: A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base.

Book 4 in the Books by Robert Skidelsky series in the books by scholars, complete bookshelf, monographs, recommended books genres. Available from Amazon, A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful b.

A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the.

From the publisher: A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time. This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy.

Probing what is wrong with economics is a recurrent theme in this journal. Indeed, JAPE's very existence reflects a long-standing and deep disquiet about mainstream economics.

Generations of students have criticised the curriculum offered by university economics departments, special issue is not like an edited book: its contents depend on. Whatever it means by mainstream, this isn’t what most economists do. As ever in such critiques, the book only talks about macroeconomics, doesn’t cite a single piece of applied microeconomics, but above all ignores the fact that economics has changed in.

The most salient and indisputable lessons from economics are being ignored, as mainstream politicians endorse trade and currency wars, and national rent controls. The two main criticisms of. Edward Fullbrook is a Visiting Research Fellow at the School of Economics, University of the West of England.

He is the founder and editor of the 'Post-Autistic Economics Review'. Among other books, he has edited 'The Crisis in Economics' (Routledge, ) and 'Intersubjectivity in Economics' (Routledge, ).

Book Description: A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics' quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the.

Then comes John Quiggin’s review of a book written by a former Morgan Stanley executive, exposing flaws in mainstream economics in the wake of the global financial crash. Finally, to conclude this special issue of JAPE on ‘what’s wrong with economics’, there are reviews of eight recent books that are directly relevant to its theme.

Book Description. A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy.

Jeff Madrick raised several criticisms of mainstream economics in his book, Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World. The Nobelist and New York Times columnist Paul Krugman sat down at the City University of New York Graduate Center to discuss the issues last November.

A lightly edited transcript follows. WHAT’S WRONG WITH ECONOMICS Robert Skidelsky. A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the.

A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics' quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the.

A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics' quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the advice of flawed.

Tole knjigo "What’s Wrong with Economics?" je Robert Skidelsky napisal za svojo, pa tudi mojo dušo. Uživam v vsakem odstavku. Kritika mainstream učbeniške ekonomije, ki je realni, kompleksni svet človeških interakcij želela skrčiti na nekaj matematičnih enačb in nekaj preprostih konceptov, ki pašejo v grafe z dvema krivuljama.

In kritika ozkogledih ekonomistov, ki se. What’s Wrong With Economics Robert Skidelsky. A Primer for the Perplexed. A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field.

What's Wrong with Economics?: A Primer for the Perplexed by Robert Skidelsky English | March 1st, | ISBN: X | pages | EPUB | MB A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time. Yet, according to De Grawe (), ‘The science of macroeconomics is in deep trouble’, while Skidelsky () thinks that there has already been a ‘discrediting of mainstream macroeconomics’.

These opinions express feelings more than facts, so it is hard to debate them.Skidelsky says mainstream economics’ quest for scientific certainty has narrowed vision, making it unhealthy for the field and leading to policy decisions based on flawed economic models.

And he argues for a return to the idea of John Maynard Keynes that the economist must be a mathematician, historian, statesman and philosopher in equal measure. A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time This insightful book looks at how mainstream economics’ quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the Reviews: 4.