EAN: 9783319474571

ECONOMIC IDEAS YOU SHOULD FORGET KARTONIERT (TB)

Reporting on cutting-edge advances in economics  this book presents a selection of commentaries
that reveal the weaknesses of several core economics concepts. Economics is a vigorous and
progressive science  which does not lose its force when particular parts of its theory are
empirically invalidated  instead  they contribute to the accumulation of knowledge. By
discussing problematic theoretical assumptions and drawing on the latest empirical research 
the authors question specific hypotheses and reject major economic ideas from the Coase Theorem
to Say's Law and Bayesianism. Many of these ideas remain prominent among politicians 
economists and the general public. Yet  in the light of the financial crisis  they have lost
both their relevance and supporting empirical evidence. This fascinating and thought-provoking
collection of 71 short essays written by respected economists and social scientists from all
over the world will appeal to anyone interested in scientific progress and the further
development of economics.

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