Which economic theories can be trusted, if any?,
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Ce commentaire fait référence à cette édition : The Undercover Economist Strikes Back: How to Run or Ruin an Economy (Broché)
This book differs from probably all other books about economics .It is based on the head of a government that wants to apply the best lessons from three types of economists, macro economists, micro economists and behavioral economists. It is an exciting and frustrating experience. Every insight upon closer analysis has serious limitations that can be overcome in part by another discipline. Unfortunately the three disciplines have only recently taken an interest in each other. However we are still far removed from a coherent picture.
The author confirms that economic theory is a dismal science from the point of view of predicting what will happen in the future as the result of decisions. The author singles out parts in all three disciplines that are useful considering specific conditions . However there are parts that are useful depending on specific conditions. I was aware of some of these useful parts, but they were not completely clear to me. The authors gives excellent explanations, better than in the many books I I have read about economics.
It is also one of the few books about economics that are fun to read.
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