Why economics is not yet a science (Record no. 161159)

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005 - DATE AND TIME OF LATEST TRANSACTION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 333361431
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330 WHY
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Eichner, Alfred S (ed.)
245 #0 - TITLE STATEMENT
Title Why economics is not yet a science
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Macmillan Press
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1983
300 ## - PHYSICAL DESCRIPTION
Extent 248 p.
520 ## - SUMMARY, ETC.
Summary, etc. The essays in Why Economics Is Not Yet A Science, most of them specially written for this book, constitute a carefully reasoned critique of economics as an academic discipline. It is an indictment of the dominant school in economics for its failure to adhere to the norms of science. Wassily Leontief, a Nobel prizewinner in economics, sets the tone for the collec tion as a whole in his foreword when he points out how lit tle of the work published in economics is supported by any em pirical evidence. In the essays which follow, economics is criticized for basing its theory largely on axiomatic reasoning, for misusing mathematics in the development of models and for failing to carry out proper tests of its propositions. As Alfred Eichner, the editor of the volume, asserts in the title essay, 'Economics as a discipline consists of a body of theory... which lacks any foundation in reality. Indeed, the theory is little more than an elaborate set of deductions predicated on a set of metaphysical, and hence non-ścien tific axioms. Not surprisingly, any public policy based on such a theory simply invites disaster.' The essays, however, are not intended simply to reinforce the popular prejudice which exists today against economics. They are meant to point the way to a revitalization of the discipline through a radical restructuring of its theory and through a genuine commit ment to proper research methods.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economics
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Leontief, Wassily (ed.)
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Donated Books
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library   2020-02-08   330 WHY DD2646 2020-02-08 2020-02-08 Donated Books

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