Economics and the Real World

Drawing on a lifetime of distinguished work in economic research and policymaking, Andrew Kamarck details how his profession can more usefully analyze and solve economic problems by changing its basic approach to research.

Kamarck contends that most economists today strive for a mathematical precision in their work that neither stems from nor leads to an accurate view of economic reality. He develops elegant critiques of key areas of economic analysis based on appreciation of scientific meth...