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"Economics -- Methodology"
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The economics book : big ideas simply explained
\"Reveals the many ideas and schools of economics that have emerged since trading first began in ancient times.\"--Front jacket flap.
Book
Learning and Expectations in Macroeconomics
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing that households and firms learn by making forecasts using observed data, updating their forecast rules over time in response to errors. This book is the first systematic development of the new statistical learning approach.
Depending on the particular economic structure, the economy may converge to a standard rational-expectations or a \"rational bubble\" solution, or exhibit persistent learning dynamics. The learning approach also provides tools to assess the importance of new models with expectational indeterminacy, in which expectations are an independent cause of macroeconomic fluctuations. Moreover, learning dynamics provide a theory for the evolution of expectations and selection between alternative equilibria, with implications for business cycles, asset price volatility, and policy. This book provides an authoritative treatment of this emerging field, developing the analytical techniques in detail and using them to synthesize and extend existing research.
eBook
The poverty of Clio
The Poverty of Clio challenges the hold that cliometrics--an approach to economic history that employs the analytical tools of economists--has exerted on the study of our economic past. In this provocative book, Francesco Boldizzoni calls for the reconstruction of economic history, one in which history and the social sciences are brought to bear on economics, and not the other way around.
eBook
Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the 2019 ALAHPE Conference
Volume 39A features a selection of essays presented at the 2019 Conference of the Latin American Society for the History of Economic Thought, edited by Felipe Almeida and Carlos Eduardo Suprinyak, as well as a new general-research essay by Daniel Kuehn, an archival discovery by Katia Caldari and Luca Fiorito, and a book review by John Hall.
eBook
How Economists Model the World into Numbers
Economics is dominated by model building, therefore a comprehension of how such models work is vital to understanding the discipline. This book provides a critical analysis of the economist's favourite tool, and as such will be an enlightening read for some, and an intriguing one for others.
1. Introduction 2. A New Practice 3. Autonomy 4. Designs of Experiments 5. Measurement 6. Rigor 7. Conclusions
'Boumans has written a rich, deeply informed and insightful book'.
- Kevin D. Hoover, Duke University, USA; Journal of Economic Methodology, Vol. 16, No. 4, December 2009, 417–434
eBook
Research in the History of Economic Thought and Methodology: Including a Symposium on Sir James Steuart: The Political Economy of Money and Trade
Volume 38C features a symposium on the economic thought of Sir James Steuart. In addition, the volume contains new general-research essays on Milton Friedman's 1975 visit to Chile, Keynes and Pigou on employment and equilibrium, and a brief correspondence between Karl Popper and Leonard Savage.
eBook