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Review
'Recommended.' —'Choice'
'This book critically examines the shortcomings of neoclassical economics and considers a number of alternative formulations characterized by a broader conception of human behaviour, the recognition of culture, the consideration of history, a new theory of knowledge, and interdisciplinary dialogue.' —Dr Lucia Reisch, 'The Journal of Consumer Policy'
'Some of the essays are excellent and I would have little hesitation in recommending them to students at an appropriate level.' —Roger E. Backhouse, 'Journal of Economic Methodology'
Book Description
A revolutionary reassessment of the serious faults and pitfalls of neoclassical economics.
Inside This Book
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful:
5.0 out of 5 stars
Another nail for the coffin of neoclassical economics,
By Gareth Greenwood "morgol" (Wales, UK) - See all my reviews
This review is from: A Guide to What's Wrong with Economics (Anthem Studies in Development and Globalization) (Paperback)
Structured as a series of short essays, 27 of them, this book presents counterarguments against the prevailing neoclassical orthodoxy in economics. IMO anyone considering taking a economics major should read this book before signing up for the course. The coverage is quite wide-ranging as is shown by the essay titles:
* The Quarrelsome Boundaries of Economics * Modern Economics: The Problem and a Solution * The Pitfalls of Mainstream Economic Reasoning (and Teaching) * Neoclassical Economic Theory: A Special and Not a General Case * Where do Economies Come From? The Missing Story * Can Economics Start from the Individual Alone? * Are You Rational? * Five Pieces of Advice for Students Studying Economics * How Mainstream Economists Model Choice, versus How We Behave, and Why it Matters * Managerial Economics: Economics of Management or Economics for Managers? * Why Do We Have Separate Courses in 'Micro' and 'Macro' Economics? * The 'Natural' Rate of Unemployment * How to Look at Economics Critically: Some Suggestions * Teaching Economics as if Ethics Mattered * Economics as Ideology and the Need for Pluralism * The 'Efficiency' Illusion * "There Are None So Blind ... * Can Mathematics be used Successfully in Economics? * Can We Expect Anything from Game Theory? * Improbable, Incorrect or Impossible: the Persuasive But Flawed Mathematics of Economics * The Significance of the Economics Research Paper * Changing Visions of Humans' Place in the World and the Need for an Ecological Economics * Ecological Economics: the Concept of Scale and its Relation to Allocation, Distribution and Uneconomic Growth * What's Wrong with GDP and Growth? The Need for Alternative Indicators * What is Wrong with the 'Official History of Capitalism'? With Special Reference to the Debates on Globalisation and Economic Development * Should the Study of Transnational Companies be Part of the Economics Syllabus * Would a Latin American Economic Make Sense? Despite the contributions of more than two dozen authors, there is a remarkable smoothness of style. Considering the subtlety of the subject matter, the book also is very easy to read. (I found it good bedtime reading.) As a whole, the essays stand as a well-argued critique of much, if not most, of neoclassical economics. The book waves the banner for a growing number of dissident economists who have had enough of neoclassical twaddle and having to teach it. Along with Steve Keen's "Debunking Economics" this book is a must-read for anyone with a serious interest in economics.
3 of 4 people found the following review helpful:
5.0 out of 5 stars
What's wrong with economics,
By
This review is from: A Guide to What's Wrong with Economics (Anthem Studies in Development and Globalization) (Paperback)
This book is really good and thought provoking. For years I have thought that conventional economic theory is like a religion or phantasy, one that has permeated many leaders and governments and had devastating effects on people when put into practice. This book put substance to my thoughts, gave me many new sources as it is multi authored and introduced me to some valuable new perspectives.
5.0 out of 5 stars
Deductive Irrationality,
By Brisbane reader (Brisbane, Australia) - See all my reviews
This review is from: A Guide to What's Wrong with Economics (Anthem Studies in Development and Globalization) (Paperback)
Those interested in a philosophically and economically deep analysis that contributes to an understanding of modern economics and how it has gone wrong will find Deductive "Irrationality. A Commonsense Critique of Economic Rationalism" by Stephen McCarthy and David Kehl of help. It is founded upon the work of Dr. Richard W. Staveley.
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