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Economics--Mathematical Politics or Science of Diminishing Returns? (Science and Its Conceptual Foundations series)
Alexander Rosenberg
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Description for Economics--Mathematical Politics or Science of Diminishing Returns? (Science and Its Conceptual Foundations series)
Paperback. Series: Science & Its Conceptual Foundations S. Num Pages: 283 pages, 1 table. BIC Classification: KCA; PDA. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 228 x 164 x 16. Weight in Grams: 392.
Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability—the capacity to create more precise forecasts by evaluating the success of earlier predictions—and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a science.
Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability—the capacity to create more precise forecasts by evaluating the success of earlier predictions—and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a science.
Product Details
Format
Paperback
Publication date
1994
Publisher
University Of Chicago Press
Number of pages
283
Condition
New
Series
Science & Its Conceptual Foundations S.
Number of Pages
283
Place of Publication
, United States
ISBN
9780226727240
SKU
V9780226727240
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
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