Marshall's Tendencies: What Can Economists Know?

Marshall's Tendencies: What Can Economists Know?

by John Sutton
     
 

The world of economics is a complicated and messy place. Yet modern economic analysis rests on an attempt to represent the world by means of simple mathematical models. To what extent is this possible? How can such a program cope with the fact that economic outcomes are often driven by factors that are notoriously difficult to quantify? Can such mathematical

See more details below

Overview

The world of economics is a complicated and messy place. Yet modern economic analysis rests on an attempt to represent the world by means of simple mathematical models. To what extent is this possible? How can such a program cope with the fact that economic outcomes are often driven by factors that are notoriously difficult to quantify? Can such mathematical modeling lead us to theories that work? In these lectures, John Sutton explores what he calls the
"standard paradigm" that lies at the heart of economic model building, whose roots go back a century to the work of Alfred Marshall. In probing the strengths and limitations of this paradigm, he looks at some of the remarkable successes, as well as deep disappointments, that have flowed from it.For sales in Belgium, the
Netherlands, and Luxembourg, contact Leuven University Press at fax (+32)16/32.53.52
or universitaire.pers@upers.kuleuven.ac.be

The MIT Press

Product Details

ISBN-13:
9780262692793
Publisher:
MIT Press
Publication date:
01/25/2002
Series:
Gaston Eyskens Lectures
Edition description:
New Edition
Pages:
116
Product dimensions:
5.37(w) x 8.00(h) x 0.50(d)
Age Range:
18 Years

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >