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What Use is Economic Theory?

Author

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  • Hal R. Varian

    (University of Michigan, Dept of Economics)

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.

Suggested Citation

  • Hal R. Varian, 1994. "What Use is Economic Theory?," Method and Hist of Econ Thought 9401001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpmh:9401001
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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.

    More about this item

    JEL classification:

    • B - Schools of Economic Thought and Methodology

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