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Marshall's Tendencies : What Can Economists Know? - John Sutton

Marshall's Tendencies

What Can Economists Know?

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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. In probing the strengths and limitations of this paradigm, he looks at some of the remarkable successes, as well as deep disappointments, that have flowed from it.For sales in Belgium, the Netherlands, and Luxembourg, contact Leuven University Press at fax (+32)16/32.53.52 or universitaire.pers@upers.kuleuven.ac.be

Series Foreword
Acknowledgments
Preface
The Standard Paradigmp. 1
Some Models That Workp. 35
Relaxing the Paradigmp. 59
Testingp. 87
Notesp. 107
Referencesp. 113
Indexp. 121
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780262692793
ISBN-10: 0262692791
Series: Gaston Eyskens Lectures
Audience: Tertiary; University or College
For Ages: 18+ years old
Format: Paperback
Language: English
Number Of Pages: 116
Published: 25th January 2002
Country of Publication: US
Dimensions (cm): 20.3 x 13.7  x 1.3
Weight (kg): 0.18