The World in the Model

Morgan, Mary S.

Published by Cambridge University Press
ISBN 10: 0521176190 / ISBN 13: 9780521176194
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2012. Paperback. This book describes the radical shift in the study of economic science; where arguing with words was replaced by reasoning with mathematical models. Num Pages: 442 pages, 71 b/w illus. 4 colour illus. 6 tables. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 179 x 255 x 25. Weight in Grams: 784. . . . . . Books ship from the US and Ireland. Bookseller Inventory #

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Synopsis: During the last two centuries, the way economic science is done has changed radically: it has become a social science based on mathematical models in place of words. This book describes and analyses that change - both historically and philosophically - using a series of case studies to illuminate the nature and the implications of these changes. In format, it offers a tourist guide to economics by focusing chapters on specific models, explaining how economists create them and how they reason with them. It is not a technical book; it is written for the intelligent person who wants to understand how economics works from the inside out. This book will be of interest to economists and science studies scholars (historians, sociologists and philosophers of science). But it also aims at a wider readership in the public intellectual sphere, building on the current interest in all things economic, and in the recent failure of the so-called economic model, which has shaped our beliefs and the world we live in.

Book Description: In the time of Adam Smith, economists used words both to describe their economic world and to argue about its laws. Nowadays, economists describe the world in pieces of mathematics and explain the phenomena of the real-world economy by reasoning with those little models. The World in the Model tells the story of this major cognitive shift in the way economic science is done, a shift involving imaginative and creative resources as well as a new mode of reasoning.

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Title: The World in the Model
Publisher: Cambridge University Press
Book Condition: New

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Morgan, Professor Mary S.
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