Read Economics versus Reality: How to be Effective in the Real World in Spite of Economic Theory

Economics versus Reality: How to be Effective in the Real World in Spite of Economic Theory

John M. Legge

4.9/5 (27095 ratings)

Description:John M. Legge shows the many ways in which the real world diverges from economics textbooks. He argues that mainstream economic theory took a disastrous turn 140 years ago, when it attempted to use calculus to explain human behavior. A real economy involves people who are not variables in equations. This error led to a second, mainstream economics becoming obsessed with equilibrium. However, constant change is the reality and one cannot explain the present without understanding the path taken to get here.This book presents economics in historical context. It includes a short account of the contributions by some of the key figures in economic theory, starting with Adam Smith. Smith placed great weight on morality: he believed that economic activity took place in a society and could not be justified except insofar as it advanced the interests of that society. Too many economists have come to believe that the interests of society can be measured by a number: that if a policy change raises GDP it is justified, whatever its impact on people.Legge places the economy within society, and society within the environment, explaining that every significant decision has a social and environmental impact, as well as an economic dimension. Seeking to provide answers to students, professional business managers, and those interested in the political process, this work addresses the gap between theory and reality.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Economics versus Reality: How to be Effective in the Real World in Spite of Economic Theory. To get started finding Economics versus Reality: How to be Effective in the Real World in Spite of Economic Theory, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 1412857163

Description: John M. Legge shows the many ways in which the real world diverges from economics textbooks. He argues that mainstream economic theory took a disastrous turn 140 years ago, when it attempted to use calculus to explain human behavior. A real economy involves people who are not variables in equations. This error led to a second, mainstream economics becoming obsessed with equilibrium. However, constant change is the reality and one cannot explain the present without understanding the path taken to get here.This book presents economics in historical context. It includes a short account of the contributions by some of the key figures in economic theory, starting with Adam Smith. Smith placed great weight on morality: he believed that economic activity took place in a society and could not be justified except insofar as it advanced the interests of that society. Too many economists have come to believe that the interests of society can be measured by a number: that if a policy change raises GDP it is justified, whatever its impact on people.Legge places the economy within society, and society within the environment, explaining that every significant decision has a social and environmental impact, as well as an economic dimension. Seeking to provide answers to students, professional business managers, and those interested in the political process, this work addresses the gap between theory and reality.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Economics versus Reality: How to be Effective in the Real World in Spite of Economic Theory. To get started finding Economics versus Reality: How to be Effective in the Real World in Spite of Economic Theory, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Economics versus Reality: How to be Effective in the Real World in Spite of Economic Theory

Economics versus Reality: How to be Effective in the Real World in Spite of Economic Theory

More Books

Economics versus Reality: How to Be Effective in the Real World in Spite of Economic Theory by John M. Legge (2016-01-06)

Economics versus Reality: How to Be Effective in the Real World in Spite of Economic Theory by John M. Legge (2016-01-06)

Chaos and the plan: why you should expect the unexpected

Chaos and the plan: why you should expect the unexpected

Entrepreneurship: Context, Vision and Planning

Entrepreneurship: Context, Vision and Planning

Entrepreneurship: How Innovators Create the Future

Entrepreneurship: How Innovators Create the Future

The Competitive Edge: How Innovation Creates and Sustains the Competitive Advantage of Enterprises

The Competitive Edge: How Innovation Creates and Sustains the Competitive Advantage of Enterprises

Product Management: Sharpeneing the Competitive Edge

Product Management: Sharpeneing the Competitive Edge

Dog Walks Man: A Six-Legged Odyssey

Dog Walks Man: A Six-Legged Odyssey