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The Puzzle of Modern Economics

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  • Backhouse,Roger E.

Abstract

Does economics hold the key to everything or does the recent financial crisis show that it has failed? This book provides an assessment of modern economics that cuts through the confusion and controversy on this question. Case studies of the creation of new markets, the Russian transition to capitalism, globalization, and money and finance establish that economics has been very successful where problems have been well defined and where the world can be changed to fit the theory, but that it has been less successful in tackling bigger problems. The book then offers a historical perspective on how economists have, since the Second World War, tried to make their subject scientific. It explores the evolving relationship between science and ideology and investigates the place of heterodoxy and dissent within the discipline.

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Bibliographic Info

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521532617 and published in 2010.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521532617
Handle: RePEc:cup:cbooks:9780521532617

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Web page: http://www.cambridge.org

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Cited by:
  1. Pedro Garcia Duarte, 2011. "Not Going Away? Microfoundations in the Making of a New Consensus in Macroeconomics," Working Papers, Department of Economics, University of São Paulo (FEA-USP) 2011_02, University of São Paulo (FEA-USP).
  2. Yefimov, Vladimir, 2013. "Philosophie et science économiques : leur contribution respective aux discours politiques
    [Economic philosophy and economic science: their respective contributions to political discourse]
    ," MPRA Paper 54598, University Library of Munich, Germany.
  3. Sheila C Dow, 2013. "Codes of Ethics for Economists: A Pluralist View," Economic Thought, World Economics Association, World Economics Association, vol. 2(1), pages 2, April.
  4. Kakarot-Handtke, Egmont, 2012. "The rhetoric of failure: a hyper-dialog about method in economics and how to get things going," MPRA Paper 43276, University Library of Munich, Germany.
  5. Yefimov, Vladumir, 2011. "Дискурсивный Анализ В Экономике: Пересмотр Методологии И Истории Экономической Науки. Часть 2 - Иная История И Современность
    [Discourse analysis in economics: methodology and history of economics r
    ," MPRA Paper 49069, University Library of Munich, Germany.

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