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What Use is Economic Theory?

Author

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  • Varian, H.R.

Abstract

I examine how neoclassical economic theory is useful to the understanding of economic policy. I also describe what I view as the role of economic theory in economics. This talk was prepared for the conference ``Is Economics Becoming a Hard Science?'' 29--30 October, 1992, Paris, France.
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Suggested Citation

  • Varian, H.R., 1993. "What Use is Economic Theory?," Papers 93-14, Michigan - Center for Research on Economic & Social Theory.
    • Handle: RePEc:fth:michet:93-14
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    Cited by:

    1. Rudolf Richter, 2004. "Book Review," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(2), pages 337-339, June.
    2. Michael A. Clemens, 2016. "Losing our minds? New research directions on skilled emigration and development," International Journal of Manpower, Emerald Group Publishing Limited, vol. 37(7), pages 1227-1248, October.
    3. Viktor Vanberg, 2004. "Book Review," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(2), pages 339-343, June.
    4. Youssef M. Aboutaleb & Mazen Danaf & Yifei Xie & Moshe Ben-Akiva, 2021. "Discrete Choice Analysis with Machine Learning Capabilities," Papers 2101.10261, arXiv.org.
    5. repec:rsc:rsceui:2013/02 is not listed on IDEAS
    6. Michele Ruta, 2013. "The Role of Economic Theory in WTO Arbitrations," RSCAS Working Papers PP2013/02, European University Institute.

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    Keywords

    economic theory;

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