£133.98

Routledge Economics versus Reality - Business & Economic History

Name: Routledge Economics versus Reality - Business & Economic History
Brand: Routledge
Price: 133.98 GBP
Availability: InStock

Habitats

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Description

In Economics versus Reality, John M. Legge examines the gap between textbook theories and how the world actually functions. The book explores how mainstream economic theory changed 140 years ago when it began using calculus to model human behavior. Legge argues that treating people as mere variables in equations misses the human element of a real economy. By focusing on the obsession with equilibrium, modern economics often ignores the reality of constant change. This book helps readers understand that the present cannot be explained without looking at the historical path that led to it. Legge places economic principles in a historical context to provide a clearer view of how markets and societies operate. This work is essential for anyone interested in business and economic history. It offers a different perspective on why standard models often fail to predict or explain real-world events. Instead of looking at static equations, readers learn to view the economy as a dynamic system shaped by history and human action.

Key Features

Examines the divergence between standard economic textbooks and real-world application to help readers understand practical economic truths.

Analyzes the historical shift in economic theory that occurred 140 years ago when calculus was introduced to explain human behavior.

Provides a critique of the mainstream economic obsession with equilibrium and why it fails to account for constant change.

Presents economic concepts within a historical context to show how the past shapes our current economic reality.

Explores the limitations of using mathematical variables to represent complex human beings in an economic system.

Product Specifications

Brand: Routledge
Format: hardcover
ASIN: 1412857163
Category: Books > Subjects > Science, Nature & Maths > Biological Sciences > Animal Sciences > Habitats
Domain: Amazon UK
Release Date: 30 December 2015
Listed Since: 16 June 2015

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Routledge Economics versus Reality - Business & Economic History

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