Economics and Reality
- List Price: $94.95
- Binding: Paperback
- Publisher: Routledge
- Publish date: 05/01/1997
Description:
There is an increasingly widespread belief that modern economics is irrelevant to understanding the real world. Economics and Reality traces this belief to the failure of economists to match their methods with their subject, showing that formal, mathematical models are unsuitable to explain social realities.
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Tony Lawson examines the various ways in which mainstream economics is rooted in positivist philosophy and examines the problems this causes. He focuses on the interaction of human agency and social structure and how understanding this phenomena can be used to transform the nature of economic practice and policy.
-- Controversially argues that modern economics has almost no value
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