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Economic Ideas You Should Forget

  • Bruno S. Frey
  • David Iselin

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Daron Acemoglu
    Pages 1-3
  3. Rüdiger Bachmann
    Pages 5-7
  4. Sascha O. Becker
    Pages 9-10
  5. Christine Benesch
    Pages 11-12
  6. Matthias Benz
    Pages 13-14
  7. Tim Besley
    Pages 17-19
  8. Ken Binmore
    Pages 21-22
  9. Urs Birchler
    Pages 23-25
  10. Charles B. Blankart
    Pages 27-28
  11. Alan S. Blinder
    Pages 29-30
  12. Monika Bütler
    Pages 31-32
  13. Peter Cauwels
    Pages 33-34
  14. Reto Cueni
    Pages 35-36
  15. Richard A. Easterlin
    Pages 37-38
  16. Thomas Ehrmann
    Pages 39-41
  17. Reiner Eichenberger
    Pages 43-44
  18. Lars P. Feld
    Pages 45-46
  19. Pablo Fernandez
    Pages 47-49
  20. Gerd Folkers
    Pages 51-53
  21. Clemens Fuest
    Pages 63-64
  22. Michael Graff
    Pages 67-68
  23. Allan Guggenbühl
    Pages 69-70
  24. Beat Gygi
    Pages 71-72
  25. Jochen Hartwig
    Pages 73-74
  26. Jürg Helbling
    Pages 75-76
  27. David F. Hendry
    Pages 77-78
  28. Gerard Hertig
    Pages 79-80
  29. John Kay
    Pages 83-84
  30. Siegwart Lindenberg
    Pages 89-90
  31. Michael McAleer
    Pages 91-92
  32. Peter Nijkamp
    Pages 93-94
  33. Margit Osterloh
    Pages 97-98
  34. Andrew J. Oswald
    Pages 99-100
  35. Eric A. Posner
    Pages 101-103
  36. Martin Ravallion
    Pages 105-106
  37. Jean-Charles Rochet
    Pages 107-108
  38. Katja Rost
    Pages 109-110
  39. Jeffrey D. Sachs
    Pages 111-113
  40. Christoph A. Schaltegger
    Pages 115-116

About this book

Introduction

Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge.

By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence.

This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.

Keywords

Bayesianism Coase Theorem Economic Ideas Economic theories History of economic thought Karl Popper Progress in Economics Say's Law Scientific Progress

Editors and affiliations

  • Bruno S. Frey
    • 1
  • David Iselin
    • 2
  1. 1.University of Basel CREMAZurichSwitzerland
  2. 2.KOF Swiss Economic InstituteETH ZurichZurichSwitzerland

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-47458-8
  • Copyright Information Springer International Publishing AG 2017
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-47457-1
  • Online ISBN 978-3-319-47458-8
  • Buy this book on publisher's site