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Inexact Separate Science Econo

Inexact Separate Science Econo

Hardcover

Economics

Currently unavailable to order

ISBN10: 0521415012
ISBN13: 9780521415019
Publisher: Cambridge University Press
Published: Jan 31 1992
Pages: 388
Weight: 1.62
Height: 1.00 Width: 6.00 Depth: 9.00
Language: English
This book offers a comprehensive introduction to the fundamentals of standard economics, to the strategies economists employ in applying their theories to solve particular problems, and to the ways in which economists assess their theories. The author points out that economic theorists share a vision of economic theory as a separate science, believing that a single theory focusing on one cause, rational greed, can capture the basic features of the whole economic realm. Professor Hausman argues that since economic phenomena are so messy, and economic theory is thus hard to test, it is accepted because its fundamental assumptions are seen as acceptable on an intuitive level. Evidence from other sources, particularly psychology, should be used by economists in their explorations.

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Economics