End of Theory - Financial Crises, the Failure of Economics, and the Sweep of Human Interaction Bookstaber RichardPaperback / softback
End of Theory - Financial Crises, the Failure of Economics, and the Sweep of Human Interaction Bookstaber RichardPaperback / softback An in-depth look at how to account for the human complexities at…
Specifikacia End of Theory - Financial Crises, the Failure of Economics, and the Sweep of Human Interaction Bookstaber RichardPaperback / softback
End of Theory - Financial Crises, the Failure of Economics, and the Sweep of Human Interaction Bookstaber RichardPaperback / softback
An in-depth look at how to account for the human complexities at the heart of today's financial systemOur economy may have recovered from the Great Recession--but not our economics. What model should replace it? None. The End of Theory discusses why the human condition and the radical uncertainty of our world renders the standard economic model--and the theory behind it--useless for dealing with financial crises.
Richard Bookstaber argues for a new approach called agent-based economics, one that takes as a starting point the fact that we are humans, not the optimizing automatons that standard economics assumes we are. At least not any version we've been using for the past two hundred years. Sweeping aside the historic failure of twentieth-century economics, The End of Theory offers a novel perspective and more realistic framework to help prevent today's