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Addressing the controversial concept of the invisible hand, this book questions, examines and explicates the strengths and weaknesses of the concept by analyzing its paradigmatic examples such as Carl Menger's Origin of Money and Thomas Schelling's famous checkerboard model of residential segregation.
Addressing the controversial concept of the invisible hand, this book questions, examines and explicates the strengths and weaknesses of the concept by analyzing its paradigmatic examples such as Carl Menger's Origin of Money and Thomas Schelling's famous checkerboard model of residential segregation.
Best-selling books such as Freakonomics and The Undercover Economist have paved the way for the flourishing economics-made-fun genre. While books like these present economics as a strong and explanatory science, the ongoing economic crisis has exposed the shortcomings of economics to the general public. In the face of this crisis, many people, including well-known economists such as Paul Krugman, have started to express their doubts about whether economics is a success as a science. As well as academic papers, newspaper columns with a large audience have discussed the failure of economic to predict and explain ongoing trends. The emerging picture is somewhat confusing: economics-made-fun boo...
Öğrencilere bakılırsa iktisat sıkıcıdır, kasvetlidir, gerçek dünya ile zerre kadar ilişkisi yoktur. İktisatçıysa eninde sonunda “dolar ne olur?” diye ahiret sorusu sorulan uzmandır. İktisat külliyatı, insanın içine sınav korkusunun çöreklendiği kalın ve heybetli kitaplardan oluşur. Emrah Aydınonat, kişisel deneyimlerinden yola çıkarak iktisadı başka türlü anlatmaya niyetlenmiş. Platon’un diyaloglarından feyz alarak, ilginç, eğlenceli, yenilikçi bir iktisat kitabı yazmış. İkinci el oto alırken dikkat edilecekler, Victoria’s Secret, idam cezası, Buridan’ın eşeği, Fayda Fidayda, diğerkâmlık, büzüşen beyinler, oral seks ve para... Hepsi ve daha fazlası... İktisat Nedir? diyalogları.
Normative analysis in economics usually aims at satisfying individuals' preferences, valuing economic freedom and viewing markets favourably. Behavioural research, however, shows that individuals' preferences are often unstable. Robert Sugden proposes a reformulation of normative economics compatible with psychology of choice.
During the last two centuries, the way economic science is done has changed radically: it has become a social science based on mathematical models in place of words. This book describes and analyses that change - both historically and philosophically - using a series of case studies to illuminate the nature and the implications of these changes. It is not a technical book; it is written for the intelligent person who wants to understand how economics works from the inside out. This book will be of interest to economists and science studies scholars (historians, sociologists and philosophers of science). But it also aims at a wider readership in the public intellectual sphere, building on the current interest in all things economic and on the recent failure of the so-called economic model, which has shaped our beliefs and the world we live in.
Science is the study of our world, as it is in its messy reality. Nonetheless, science requires idealization to function—if we are to attempt to understand the world, we have to find ways to reduce its complexity. Idealization and the Aims of Science shows just how crucial idealization is to science and why it matters. Beginning with the acknowledgment of our status as limited human agents trying to make sense of an exceedingly complex world, Angela Potochnik moves on to explain how science aims to depict and make use of causal patterns—a project that makes essential use of idealization. She offers case studies from a number of branches of science to demonstrate the ubiquity of idealization, shows how causal patterns are used to develop scientific explanations, and describes how the necessarily imperfect connection between science and truth leads to researchers’ values influencing their findings. The resulting book is a tour de force, a synthesis of the study of idealization that also offers countless new insights and avenues for future exploration.
Here is a bracing deconstruction of the framework for understanding the world that is learned as gospel in Economics 101, regardless of its imaginary assumptions and misleading half-truths. Economism: an ideology that distorts the valid principles and tools of introductory college economics, propagated by self-styled experts, zealous lobbyists, clueless politicians, and ignorant pundits. In order to illuminate the fallacies of economism, James Kwak first offers a primer on supply and demand, market equilibrium, and social welfare: the underpinnings of most popular economic arguments. Then he provides a historical account of how economism became a prevalent mode of thought in the United State...
A groundbreaking new synthesis and theory of social institutions Understanding Institutions proposes a new unified theory of social institutions that combines the best insights of philosophers and social scientists who have written on this topic. Francesco Guala presents a theory that combines the features of three influential views of institutions: as equilibria of strategic games, as regulative rules, and as constitutive rules. Guala explains key institutions like money, private property, and marriage, and develops a much-needed unification of equilibrium- and rules-based approaches. Although he uses game theory concepts, the theory is presented in a simple, clear style that is accessible ...
One way to understand science is as a selection process. David Hull, one of the dominant figures in contemporary philosophy of science, sets out in this 2001 volume a general analysis of this selection process that applies equally to biological evolution, the reaction of the immune system to antigens, operant learning, and social and conceptual change in science. Hull aims to distinguish between those characteristics that are contingent features of selection and those that are essential. Science and Selection brings together many of David Hull's most important essays on selection (some never before published) in one accessible volume.