The Puzzle of Modern Economics

Science or Ideology?

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Social Science, Business & Finance
Cover of the book The Puzzle of Modern Economics by Roger E. Backhouse, Cambridge University Press
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Author: Roger E. Backhouse ISBN: 9780511848612
Publisher: Cambridge University Press Publication: June 21, 2010
Imprint: Cambridge University Press Language: English
Author: Roger E. Backhouse
ISBN: 9780511848612
Publisher: Cambridge University Press
Publication: June 21, 2010
Imprint: Cambridge University Press
Language: English

Does economics hold the key to everything or does the recent financial crisis show that it has failed? This book provides an assessment of modern economics that cuts through the confusion and controversy on this question. Case studies of the creation of new markets, the Russian transition to capitalism, globalization, and money and finance establish that economics has been very successful where problems have been well defined and where the world can be changed to fit the theory, but that it has been less successful in tackling bigger problems. The book then offers a historical perspective on how economists have, since the Second World War, tried to make their subject scientific. It explores the evolving relationship between science and ideology and investigates the place of heterodoxy and dissent within the discipline.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Does economics hold the key to everything or does the recent financial crisis show that it has failed? This book provides an assessment of modern economics that cuts through the confusion and controversy on this question. Case studies of the creation of new markets, the Russian transition to capitalism, globalization, and money and finance establish that economics has been very successful where problems have been well defined and where the world can be changed to fit the theory, but that it has been less successful in tackling bigger problems. The book then offers a historical perspective on how economists have, since the Second World War, tried to make their subject scientific. It explores the evolving relationship between science and ideology and investigates the place of heterodoxy and dissent within the discipline.

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