Economics In Real Time
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Economics in Real Time
Author: C. John McDermott
language: en
Publisher: University of Michigan Press
Release Date: 2004
A new model for contemporary economic behavior
Real Life Economics
The past fifty years have witnessed the triumph of an industrial development that has engendered great social and environmental costs. Conventional economics has too often either ignored these costs or failed to analyse them appropriately. This book constructs a framework within which the wider impacts of economic activity can be both understood and ameliorated. The framework places its emphasis on an in-depth understanding of real-life processes rather than on mathematical formalism, sressing the independence of the economy with the social, ecological and ethical dimensions of human life.
Economics without Time
This is a book about real time in economics, a dimension increasingly unused by the leading edge of the profession. This, it is argued, has serious implications for economics role as the premier policy-advising source for national governments and international organisations. It is also a book about the great waves of economic change that are surging out of the distant past and into the future - waves of change that economists have failed even to identify let alone analyse. It however challenges economics to put its house in order before it is engulfed by this rising tide. But, the question is however, will economics have time?