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Economics Rules : The Rights and Wrongs of the Dismal Science by Dani Rodrik...

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ISBN
9780393353419
Book Title
Economics Rules : the Rights and Wrongs of the Dismal Science
Item Length
8.3 in
Publisher
Norton & Company, Incorporated, w. w.
Publication Year
2016
Format
Trade Paperback
Language
English
Item Height
0.8 in
Author
Dani Rodrik
Genre
Business & Economics, Political Science
Topic
Development / Economic Development, Economics / General, Public Policy / Economic Policy, Economics / Theory
Item Width
5.6 in
Item Weight
8.7 Oz
Number of Pages
272 Pages

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Product Information

In the wake of the financial crisis and the Great Recession, economics seems anything but a science. In this sharp, masterfully argued book, Dani Rodrik, a leading critic from within, takes a close look at economics to examine when it falls short and when it works, to give a surprisingly upbeat account of the discipline. Drawing on the history of the field and his deep experience as a practitioner, Rodrik argues that economics can be a powerful tool that improves the world--but only when economists abandon universal theories and focus on getting the context right. Economics Rules argues that the discipline's much-derided mathematical models are its true strength. Models are the tools that make economics a science. Too often, however, economists mistake a model for the model that applies everywhere and at all times. In six chapters that trace his discipline from Adam Smith to present-day work on globalization, Rodrik shows how diverse situations call for different models. Each model tells a partial story about how the world works. These stories offer wide-ranging, and sometimes contradictory, lessons--just as children's fables offer diverse morals. Whether the question concerns the rise of global inequality, the consequences of free trade, or the value of deficit spending, Rodrik explains how using the right models can deliver valuable new insights about social reality and public policy. Beyond the science, economics requires the craft to apply suitable models to the context. The 2008 collapse of Lehman Brothers challenged many economists' deepest assumptions about free markets. Rodrik reveals that economists' model toolkit is much richer than these free-market models. With pragmatic model selection, economists can develop successful antipoverty programs in Mexico, growth strategies in Africa, and intelligent remedies for domestic inequality. At once a forceful critique and defense of the discipline, Economics Rules charts a path toward a more humble but more effective science.

Product Identifiers

Publisher
Norton & Company, Incorporated, w. w.
ISBN-10
0393353419
ISBN-13
9780393353419
eBay Product ID (ePID)
219846343

Product Key Features

Book Title
Economics Rules : the Rights and Wrongs of the Dismal Science
Author
Dani Rodrik
Format
Trade Paperback
Language
English
Topic
Development / Economic Development, Economics / General, Public Policy / Economic Policy, Economics / Theory
Publication Year
2016
Genre
Business & Economics, Political Science
Number of Pages
272 Pages

Dimensions

Item Length
8.3 in
Item Height
0.8 in
Item Width
5.6 in
Item Weight
8.7 Oz

Additional Product Features

Intended Audience
Trade
Reviews
The best economists make the best methodologists, and Dani Rodrik is both. His Economics Rules is the single best source for explaining the strengths and weaknesses of economics to an outside audience., In Economics Rules, enjoyment enhances learning, with lessons for economists and non-economists alike--indeed, ten commandments for each. The book is a page-turner with every page carrying an important and memorable take-away., Rodrik's plea is for economics to be practiced with a bit more humility bothby those who extol free markets and those who would tame them., Economics Rules, by one of the world's truly great economists, describes in fascinating and incredibly well-written detail what it means to be an economist. In so doing it explains why, and when, economists often get it right, but also why they also frequently go astray.
Dewey Decimal
330
Dewey Edition
23

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