Dani Rodrik

Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference

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ISBN 13:: 9780198736905
author:: Dani Rodrik
format:: Paperback
publisher:: OUP Oxford
language:: English
Publication Year:: 2017
Pages:: 272
Dimensions:: 14.3 x 2 x 21.4 cm
Genre:: Business, Finance & Law, Economics, Economic Conditions, Dani Rodrik,Economics Rules: Why Economics Works, When It Fails, and How To Tell The Difference,OUP Oxford,0198736908,Economics: Professional & General,Business & Economics / Economics / Theory
Condition:: New
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Economics Rules: Why Economics Works, when it Fails, and how to Tell the Difference The economics profession has faced criticism in recent years, with many people viewing economists as out of touch with reality. However, the field's complexity and diversity are its greatest strengths. Economists are trained to hold multiple models of the world in their minds, allowing them to understand the world, make informed suggestions for improvement, and advance their knowledge over time. This approach is what makes economics a science, albeit a different kind of science from physics or other natural sciences. However, it also means that economists can struggle with navigating diverse models and choosing the right one for a particular situation. In some cases, ideology and political preferences can even take over, leading to poor decision-making. In this book, Dani Rodrik argues that a deeper understanding of economics' strengths and weaknesses is essential for its continued relevance and effectiveness.

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