SpringerBriefs in Economics

Rethinking Economics

From Analogies to the Real World

Authors: Birks, Stuart

  • Takes a broad-based approach to economics
  • Opens the door to pluralist perspectives
  • Addresses philosophical and methodological issues
  • Highlights the limitations of conventional techniques
  • Relevant to both academics and practitioners
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eBook $54.99
price for USA in USD (gross)
  • ISBN 978-981-287-176-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $69.99
price for USA in USD
  • ISBN 978-981-287-175-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

After studying mathematical economics and econometrics, Stuart worked as an economist in multi-disciplinary teams undertaking regional strategic planning. He then returned to the academic world, specializing in applying economics in relation to land, health, education, social policy and law. His experience in cross-disciplinary work combined with an interest in broader methodological issues provided insights other than those afforded by a conventional academic within-discipline perspective. This blended well with his teaching, which has focused on graduate-level courses, many of which have been to mature students with professional experience in a wide range of areas. He has been recognized with Life Membership of the New Zealand Association of Economists and an award of Fellow of the Law and Economics Association of New Zealand.

Table of contents (5 chapters)

  • The Importance of Rhetoric and Framing

    Birks, Stuart

    Pages 1-11

  • Logical Gaps: Path A—Theory to the Real World

    Birks, Stuart

    Pages 13-28

  • Logical Gaps: Path B—Theory to Empirical Formulations

    Birks, Stuart

    Pages 29-46

  • Logical Gaps: Path C—Empirical Results to the Real World

    Birks, Stuart

    Pages 47-67

  • A Way Forward

    Birks, Stuart

    Pages 69-77

Buy this book

eBook $54.99
price for USA in USD (gross)
  • ISBN 978-981-287-176-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $69.99
price for USA in USD
  • ISBN 978-981-287-175-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Rethinking Economics
Book Subtitle
From Analogies to the Real World
Authors
Series Title
SpringerBriefs in Economics
Copyright
2015
Publisher
Springer Singapore
Copyright Holder
The Author(s)
eBook ISBN
978-981-287-176-3
DOI
10.1007/978-981-287-176-3
Softcover ISBN
978-981-287-175-6
Series ISSN
2191-5504
Edition Number
1
Number of Pages
XII, 87
Number of Illustrations
2 b/w illustrations
Topics