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Economics--Mathematical Politics or Science of Diminishing Returns?

Name: Economics--Mathematical Politics or Science of Diminishing Returns?
Brand: The University of Chicago Press
SKU: 04548891
Price: 42.39 EUR
Availability: InStock
Author: Alexander Rosenberg
ISBN: 9780226727240

Alexander Rosenberg

Lingua

Inglese

Libro In brossura

Codice Libristo: 04548891

Casa editrice The University of Chicago Press, novembre 1994

Economics today cannot predict the likely outcome of specific events any better than it could in the... Descrizione completa

Codice Libristo: 04548891

104 b

42.39 €

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Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of "any" science is predictive improvability--the capacity to create more precise forecasts by evaluating the success of earlier predictions--and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a science.