A Critique of Pure Economics
The title of this piece tells it all. It is not that our author does not believe in markets but that he thinks they have many natural limitations. He welcomes them when empirical evidence suggests that they work. But in this fine and necessary criticism of conventional "rational-person" economics, he finds fifteen cursesyes, he calls them cursesthat markets must deal with to work as the textbooks say they do.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 55 (2012)
Issue (Month): 2 (March)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106043|
When requesting a correction, please mention this item's handle: RePEc:mes:challe:v:55:y:2012:i:2:p:21-57. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)
If references are entirely missing, you can add them using this form.