MARSHALLS TENDENCIES - WHAT CAN ECONOMISTS KNOW?

MARSHALLS TENDENCIES - WHAT CAN ECONOMISTS KNOW?

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.
Editora: MIT PRESS
ISBN: 0262692791
ISBN13: 9780262692793
Edição: 2002
Número de Páginas: 138
Acabamento: PAPERBACK
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