What Economists Should Do: In Defense of Mainstream Economic Thought

David G. Tuerck

Informasi Dasar

13 kali
25.21.845
000
Buku - Elektronik (E-Book)
Tel-U Gedung Manterawu Lantai 5 : Rak 1

There is controversy among economists over just what it is that economists should do. The controversy is centered on the question whether what is called “neoclassical” or “mainstream” economics provides the appropriate template for performing economic analysis. Neoclassical economics is based on the principle that economic behavior is guided by “rational choice,” i.e., choice based on reason rather than sentiment.

Challenges to this principle come from several fields of study: behavioral economics, neuroeconomics, Austrian economics, Keynesian economics, and others. A common thread running through these fields is that the rational choice assumption is unrealistic and therefore not useful for analyzing economic policy choices.

It is important, however, to distinguish between economic policy choices, which are frequently irrational, and how individuals are observed to react to these choices. Examples of irrational policy choices are minimum wage laws, buy-American rules, and corporate tax increases. The job of the economist is to play a role akin to that of preachers, in exposing such choices for their irrationality. Mainstream economics shows that people react to these choices in a manner that impairs the performance of the economy.

Subjek

#N/A
 

Katalog

What Economists Should Do: In Defense of Mainstream Economic Thought
9781637422328
150p.; il.; pdf file; 2 MB
English

Sirkulasi

Rp. 0
Rp. 0
Tidak

Pengarang

David G. Tuerck
Perorangan
 
 

Penerbit

Business Expert Press
New York
2022

Koleksi

Kompetensi

 

Download / Flippingbook

 

Ulasan

Belum ada ulasan yang diberikan
anda harus sign-in untuk memberikan ulasan ke katalog ini