How Economics Should be Done

How Economics Should be Done

Essays on the Art and Craft of Economics

Su, Huei-Chun; Colander, David C.

Edward Elgar Publishing Ltd






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It sees applied policy methodology as constantly evolving as analytic and computational technology changes, evolving far too fast to be subject to any rigid scientific methodology. Colander argues that using a scientific methodology to guide applied policy undermines good policy analysis.
Contents: Introduction Part I Methodological Framework and Methodology For Economic Policy As Art 1. Why Economists Aren't as Important as Garbagemen 2. Vision, Judgment, and Disagreement among Economists 3. The Lost Art of Economics 4. The Systemic Failure of Economic Methodologists 5. The Death of Neoclassical Economics Part II Methodology for Microeconomics 6. Applied Policy, Welfare Economics and Mill's Half-truths 7. A Failure to Communicate: The Fact-Value Divide and the Putnam-Dasgupta Debate 8. Framing the Economic Policy Debate 9. Complexity economics and workaday economic policy Part III Methodology For Macroeconomics 10. The Macrofoundations of Micro 11. Post Walrasian Macro Policy and the Economics of Muddling Through 12. How Economists Got It Wrong: A Nuanced Account 13. Economists, Incentives, Judgment, and the European CVAR Approach to Macroeconometrics 14. Beyond DSGE Models: Toward an Empirically Based Macroeconomics Part IV Pragmatic Methods For Doing Economics As A Profession 15. How Economists Failed Society 16. Moving Beyond the Rhetoric of Pluralism: Suggestions for an "Inside-the-Mainstream" Heterodoxy 17. Creating Humble Economists: A Code of Ethics for Economists Part V An Annotated Bibliography of Colander's Methodological Work 1. Annotated Bibliography 2. List of Book Reviews Index
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