The Soulful Science

What Economists Really Do and Why It Matters - Revised Edition

Diane Coyle

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Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

For many, Thomas Carlyle's put-down of economics as "the dismal science" rings true--especially in the aftermath of the crash of 2008. But Diane Coyle argues that economics today is more soulful than dismal, a more practical and human science than ever before. The Soulful Science describes the remarkable creative renaissance in economics, how economic thinking is being applied to the paradoxes of everyday life.


This revised edition incorporates the latest developments in the field, including the rise of behavioral finance, the failure of carbon trading, and the growing trend of government bailouts. She also discusses such major debates as the relationship between economic statistics and presidential elections, the boundary between private choice and public action, and who is to blame for today's banking crisis.

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Schlagwörter

Regulation, Comparative advantage, Decision-making, Environmental economics, Avinash Dixit, Economics, Capitalism, Competition, Economy, Right-wing politics, Milberg, Negotiation, Burglary, Cornell University, Economist, Human capital, Daniel McFadden, Private property, Uncertainty, Superiority (short story), World Bank, Behavioral economics, Modernity, Colonization, Income tax, Robert Kuttner, Macroeconomics, Employment, Institution, Committee of Five, John Ruskin, Dwelling, Neoliberalism, Computer, Categorization, Endogenous growth theory, Calculation, Recession, Bounded rationality, Agricultural subsidy, John Stuart Mill, Personal network, George Stigler, Developed country, Economic development, Income, Incentive, Philosophy, Economic equilibrium, Social Security (United States), Economic growth, Paul Krugman, Pollution, Unemployment, Aid, Emergence, Malthusian trap, Demonstration (protest), Partha Dasgupta, Corporate structure, Emerging technologies, Third World, Development economics, First-mover advantage, Price elasticity of demand, Thomas Robert Malthus, Dutch disease, Optimism, John Maynard Keynes, Neoclassical economics