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Synopsis
The world of economics is a complicated and messy place. Yet modern economic analysis rests on an attempt to represent the world by means of simple mathematical models. To what extent is this possible? How can such a programme cope with the fact that economic outcomes are often driven by factors that are notoriously difficult to quantify? Can such mathematical modelling lead us to theories that work? In these lectures, John Sutton explores what he calls the "standard paradigm" that lies at the heart of economic model building, whose roots go back a century to the work of Alfred Marshall. In probing the strengths and limitations of this paradigm, he looks at some of the remarkable successes, as well as deep disappointments, that have flowed from it.
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John Sutton is Sir John Hicks Professor of Economics at the LondonSchool of Economics.
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Marshall's Tendencies What Can Economists Know? (Gaston Eyskens Lectures)
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Marshall's Tendencies: What Can Economists Know? (Esyskens Lectures)
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Marshall's Tendencies: What Can Economists Know? (Gaston Eyskens Lectures)
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The MIT Press, Cambridge, 2000
ISBN 10: 0262194422
ISBN 13: 9780262194426
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Marshall's Tendencies: What Can Economists Know?
Published by
The MIT Press, Cambridge, MA, U.S.A., 2000
ISBN 10: 0262194422
ISBN 13: 9780262194426
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