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Economists make confident assertions in op-ed columns and on cable news-so why are their explanations often at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with these contradictions, Jonathan Schlefer set out to investigate how economists arrive at their opinions. While economists cloak their views in the aura of science, what they actually do is make assumptions about the world, use those assumptions to build imaginary economies (known as models), and from those models generate conclusions. Their models can be useful or dangerous, and it is surprisingly difficult to tell which is which. Schlefer arms us with an understanding of rival assumptions and models reaching back to Adam Smith and forward to cutting-edge theorists today. Although abstract, mathematical thinking characterizes economists' work, Schlefer reminds us that economists are unavoidably human. They fall prey to fads and enthusiasms and subscribe to ideologies that shape their assumptions, sometimes in problematic ways.Schlefer takes up current controversies such as income inequality and the financial crisis, for which he holds economists in large part accountable. Although theorists won international acclaim for creating models that demonstrated the inherent instability of markets, ostensibly practical economists ignored those accepted theories and instead relied on their blind faith in the invisible hand of unregulated enterprise. Schlefer explains how the politics of economics allowed them to do so. The Assumptions Economists Make renders the behavior of economists much more comprehensible, if not less irrational.

Economics --- Economists --- 330 --- Social scientists --- Economic theory --- Political economy --- Social sciences --- Economic man --- E-books --- Economics. --- Economists. --- 330.08 --- 330.1 --- 331.31 --- AA / International- internationaal --- Economisten --- Domein en natuur van de staathuishoudkunde --- Economisch beleid

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"Russell Kirk is widely regarded as the individual most responsible for the revival of conservative thought in the latter half of the twentieth century. Kirk's conservative philosophy was well-established with his magnum opus, The Conservative Mind, published in 1953, and remained constant until his death in 1994. His Christianity, though, grew from something seen as the foundation of Western Civilization to being also a personal faith. He became a Roman Catholic, drawn by its universality, its traditionalism, and his love for the woman he married. Although he believed in certain Catholic distinctives, such as purgatory, he generally seemed to be more of a generic Christian than a dogmatic follower of Rome."--Bloomsbury Publishing.

Conservatism. --- Conservativism --- Neo-conservatism --- New Right --- Right (Political science) --- Political science --- Sociology --- Kirk, Russell --- Political and social views. --- Conservatism --- 10 --- 330.08 --- 330.40 --- AA / International- internationaal --- Wijsbegeerte --- Economisten --- Geschiedenis van het economisch en sociaal denken

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Harry Johnson (1923-1977) was such a striking figure in economics that Nobel Laureate James Tobin designated the third quarter of the twentieth century as 'the age of Johnson'. Johnson played a leading role in the development and extension of the Heckscher-Ohlin model of international trade. Within monetary economics he was also a seminal figure who identified and explained the links between the ideas of the major post-war innovators. His discussion of the issues that would benefit from further work set the profession's agenda for a generation. This book chronicles his intellectual development and his contributions to economics, economic education and the discussion of economic policy.

Johnson, Harry --- Economists --- Economics --- History --- 08 --- 330.08 --- GB / United Kingdom - Verenigd Koninkrijk - Royaume Uni --- Biografieën en memoires. --- Economisten. --- Social scientists --- Economic theory --- Political economy --- Social sciences --- Economic man --- Biografieën en memoires --- Economisten --- Johnson, Harry G. --- Johnson, Harry Gordon, --- Business, Economy and Management --- Economists - Canada - Biography --- Economics - Canada - History - 20th century

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This is the seventh book in a series of discussions about the great minds in the history and theory of finance. While the series addresses the contributions of scholars in our understanding of financial decisions and markets, this seventh book describes how econometrics developed and how its underlying assumptions created the underpinning of much of modern financial theory. The author shows that the theorists of econometrics were a mix of mathematicians and cosmologists, entrepreneurs, economists and financial scholars. The author demonstrates that by laying down the foundation of empirical analysis, they also forever determined the way in which we think about financial returns and the vocabulary we employ to describe them. Through this volume, the reader can discover the life stories, inspirations, and theories of Carl Friedrich Gauss, Francis Galton, Karl Pearson, Ronald Aylmer Fisher, Harold Hotelling, Alfred Cowles III, Ragnar Frisch, and Trygve Haavelmo, specifically. We learn how each theorist made an intellectual leap simply by thinking about a conventional problem in an unconventional way.

Finance. --- Econometrics. --- Finance, general. --- Eugenics. --- Statistics. --- Gauss, Carl Friedrich, --- Statistical analysis --- Statistical data --- Statistical methods --- Statistical science --- Homiculture --- Race improvement --- 330.08 --- Economisten --- Economics, Mathematical --- Statistics --- Mathematics --- Econometrics --- Euthenics --- Heredity --- Involuntary sterilization --- Funding --- Funds --- Economics --- Currency question --- Gauss, Carl Friedrich --- Galton, Francis --- Pearson, Karl --- Fisher, Ronald Aylmer --- Hotelling, Harold --- Frisch, Ragnar --- Haavelmo, Trygve M. --- Cowles, Alfred

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"Edmund Burke, 1729-1797, was perceived as leading progressive figure until he published his reaction to the French Revolution, Reflections on the Revolution in France, which he wrote as the Revolution unfolded. This volume places Burke in his historical context and carefully sets out the whole of Burke's philosophical contribution. It not only discusses the reception of Burker by his contemporaries, but also the impact of his ideas on politics and policy today."--Bloomsbury Publishing.

Conservatism. --- Conservativism --- Neo-conservatism --- New Right --- Right (Political science) --- Political science --- Sociology --- Burke, Edmund, --- Berḳ, Edmand, --- Berk, Ėdmund, --- Bŏŏkʻŭ, Edŭmŏndŭ, --- Late noble writer, --- ברק, אדמנד --- Conservatism --- 10 --- 330.08 --- 330.40 --- AA / International- internationaal --- Wijsbegeerte --- Economisten --- Geschiedenis van het economisch en sociaal denken