Name: Economics Versus Reality: How to Be Effective in the Real World in Spite of Economic Theory (en Inglés)
Price: 227.22 PEN
Availability: InStock
Author: Legge, John
ISBN: 9781412862516

portada Economics Versus Reality: How to Be Effective in the Real World in Spite of Economic Theory (en Inglés)

Formato

Libro Físico

Autor

John Legge

Editorial

Routledge

Idioma

Inglés

N° páginas

336

Encuadernación

Tapa Blanda

Dimensiones

22.9 x 15.0 x 2.0 cm

Peso

0.45 kg.

ISBN13

9781412862516

Categorías

Sociología
Teoría y filosofía de la economía
Historia de la economía

Economics Versus Reality: How to Be Effective in the Real World in Spite of Economic Theory (en Inglés)

John Legge (Autor) · Routledge · Tapa Blanda

Libro Físico

S/ 227,22

S/ 454,44

Ahorras: S/ 227,22

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Origen: Reino Unido (Costos de importación incluídos en el precio)

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Reseña del libro "Economics Versus Reality: How to Be Effective in the Real World in Spite of Economic Theory (en Inglés)"

John M. Legge shows the many ways in which the real world diverges from economics textbooks. He argues that mainstream economic theory took a disastrous turn 140 years ago, when it attempted to use calculus to explain human behaviour. A real economy involves people who are not variables in equations. This error led to a second, mainstream economics becoming obsessed with equilibrium. However, constant change is the reality and one cannot explain the present without understanding the path taken to get here.This book presents economics in historical context. It includes a short account of the contributions by some of the key figures in economic theory, starting with Adam Smith. Smith placed great weight on morality: he believed that economic activity took place in a society and could not be justified except insofar as it advanced the interests of that society.Too many economists have come to believe that the interests of society can be measured by a number: that if a policy change raises GDP it is justified, whatever its impact on people. Legge places the economy within society, and society within the environment, explaining that every significant decision has a social and environmental impact, as well as an economic dimension. Seeking to provide answers to students, professional business managers, and those interested in the political process, this work addresses the gap between theory and reality.