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The Resource Economics rules : the rights and wrongs of the dismal science, Dani Rodrik

Economics rules : the rights and wrongs of the dismal science, Dani Rodrik

Label
Economics rules : the rights and wrongs of the dismal science
Title
Economics rules
Title remainder
the rights and wrongs of the dismal science
Statement of responsibility
Dani Rodrik
Creator
Subject
Genre
Language
eng
Summary
In the wake of the financial crisis and the Great Recession, economics seems anything but a science. In this sharp, masterfully argued book, Dani Rodrik, a leading critic from within, takes a close look at economics to examine when it falls short and when it works, to give a surprisingly upbeat account of the discipline. Drawing on the history of the field and his deep experience as a practitioner, Rodrik argues that economics can be a powerful tool that improves the world but only when economists abandon universal theories and focus on getting the context right. Economics Rules argues that the discipline's much-derided mathematical models are its true strength. Models are the tools that make economics a science. Too often, however, economists mistake a model for the model that applies everywhere and at all times. In six chapters that trace his discipline from Adam Smith to present-day work on globalization, Rodrik shows how diverse situations call for different models. Each model tells a partial story about how the world works. These stories offer wide-ranging, and sometimes contradictory, lessons just as children s fables offer diverse morals. Whether the question concerns the rise of global inequality, the consequences of free trade, or the value of deficit spending, Rodrik explains how using the right models can deliver valuable new insights about social reality and public policy. Beyond the science, economics requires the craft to apply suitable models to the context. The 2008 collapse of Lehman Brothers challenged many economists' deepest assumptions about free markets. Rodrik reveals that economists' model toolkit is much richer than these free-market models. With pragmatic model selection, economists can develop successful antipoverty programs in Mexico, growth strategies in Africa, and intelligent remedies for domestic inequality
Cataloging source
DLC
http://library.link/vocab/creatorName
Rodrik, Dani
Dewey number
330
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Economics
  • Economics
Label
Economics rules : the rights and wrongs of the dismal science, Dani Rodrik
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1411725
Dimensions
22 cm
Edition
First edition.
Extent
253 pages
Isbn
9780393246414
Isbn Type
(hardcover)
Lccn
2015020153
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (Sirsi) i9780393246414
  • (OCoLC)902661265
Label
Economics rules : the rights and wrongs of the dismal science, Dani Rodrik
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1411725
Dimensions
22 cm
Edition
First edition.
Extent
253 pages
Isbn
9780393246414
Isbn Type
(hardcover)
Lccn
2015020153
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (Sirsi) i9780393246414
  • (OCoLC)902661265

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