rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Rethinking Economics
    sub title: From Analogies to the Real World
  name:
    name part: Birks, Stuart.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: si
    date issued: 2015
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XII, 87 p. 2 illus. online resource.
  abstract: This brief responds to the criticism that mainstream economics is currently facing due to its heavy reliance on models and narrow range of quantitative research techniques. It takes a broader view, identifying issues that are also relevant for heterodox and pluralist approaches to economics. By acknowledging that the world of theory is not the same as the reality that we are trying to understand, the brief focuses on three paths that generally receive little attention. These are: from theory to the real world; from theory to empirical analysis; and from empirical results to policy application. Each path highlights a range of related concerns and qualifications, and the focus on these transitions provides a strong basis for critical evaluation of analyses and potentially more realistic results and recommendations. It also provides a framework for synthesizing information from alternative schools of thought and across disciplines. In addition, the importance of framing and rhetoric is demonstrated. The brief addresses philosophical and methodological issues using a clear, non-technical approach that can be easily understood by a non-specialist audience.
  table of contents: Preface -- Acknowledgements -- Chapter 1: The importance of rhetoric and framing -- 1.1: Three paths -- 1.2: Rhetoric and framing.-1.2.1: Rhetoric -- 1.2.2: Framing -- Chapter 2: Logical gaps: Path A – Theory to the real world -- 2.1: What is theory? -- 2.2.: Limits of theory -- 2.2.1: Perfect competition and counterfactuals -- 2.2.2: Accepting or rejecting a theory -- 2.2.3: Evidence consistent with theory -- 2.2.4: An additional consideration: the importance of groups -- 2.3: Conclusions -- Chapter 3: Logical gaps: Path B - Theory to empirical formulations -- 3.1: Data problems -- 3.1.1: Aggregation -- 3.1.2: Proxies -- 3.1.3: More on indices -- 3.2: Functional forms -- 3.2.1: Controlling for other factors -- 3.2.2: Causality -- 3.2.3: Structural stability -- 3.3: Conclusions -- Chapter 4: Logical gaps: Path C – Empirical results to the real world -- 4.1: Using statistics for policy -- 4.1.1: The research phase -- 4.1.2: The media phase -- 4.2: Consideration of the problems -- 4.2.1: Interpretation of statistical significance -- 4.2.2: Interpretation: why not change the relationship? -- 4.3: There are standard policy questions not covered by the econometrics -- 4.3.1: An example – TV watching and attention problems -- 4.3.2: Policy questions -- 4.4: An additional example: advantage and disadvantage -- 4.5: Conclusions -- Chapter 5: A way forward -- 5.1: An example: efficiency in economics research -- 5.2: A broader context -- 5.3: In a nutshell -- 5.4: And a final word -- Appendix -- References.
  note: by Stuart Birks.
  subject:
    topic: Economic theory
  subject:
    topic: Econometrics
  subject:
    topic: Economic policy
  subject:
    topic: Economics
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  subject:
    topic: Econometrics
  subject:
    topic: Economic Policy
  classification: HB1-846.8
  classification: 330.1
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: SpringerBriefs in Economics
  identifier: 9789812871763
  identifier: http://dx.doi.org/10.1007/978-981-287-176-3
  record info:
    record creation date: 140827
    record change date: 20151204185438.0
    record identifier: 978-981-287-176-3