Economics and the Real World / / Andrew M. Kamarck.
Drawing on a lifetime of distinguished work in economic research and policymaking, Andrew Kamarck details how his profession can more usefully analyze and solve economic problems by changing its basic approach to research.Kamarck contends that most economists today strive for a mathematical precisio...
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Superior document: | Title is part of eBook package: De Gruyter University of Pennsylvania Press Package Archive 1898-1999 |
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Place / Publishing House: | Philadelphia : : University of Pennsylvania Press, , [2016] ©1983 |
Year of Publication: | 2016 |
Edition: | Reprint 2016 |
Language: | English |
Series: | Anniversary Collection
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Physical Description: | 1 online resource (180 p.) |
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Kamarck, Andrew M., author. aut http://id.loc.gov/vocabulary/relators/aut Economics and the Real World / Andrew M. Kamarck. Reprint 2016 Philadelphia : University of Pennsylvania Press, [2016] ©1983 1 online resource (180 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Anniversary Collection Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Problems of Measurement in General -- 3. Special Sources of Inaccuracy in Economic Data -- 4. Loose Concepts and Economics -- 5. National Income and Product Accounts -- 6. Balance of Payments -- 7. Macroeconomic Models -- 8. Microeconomics -- 9. Welfare Economics and Cost - Benefit Analysis -- 10. 'Capital' and 'Investment' in Less Developed Countries -- 11. Operational Conclusions -- Technical Appendix Significant Digits -- Bibliography -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star Drawing on a lifetime of distinguished work in economic research and policymaking, Andrew Kamarck details how his profession can more usefully analyze and solve economic problems by changing its basic approach to research.Kamarck contends that most economists today strive for a mathematical precision in their work that neither stems from nor leads to an accurate view of economic reality. He develops elegant critiques of key areas of economic analysis based on appreciation of scientific method and knowledge of the limitations of economic data. Concepts such as employment, market, and money supply must be seen as loose, not exact. Measurement of national income becomes highly problematic when taking into account such factors as the so-called underground economy and currency differences. World trade analysis is based on inconsistent and often inaccurate measurements. Subtle realities of the individual, social, and political worlds render largely ineffective both large-scale macroeconomics models and micro models of the consumer and the firm. Fashionable cost-benefit analysis must be recognized as inherently imprecise. Capital and investment in developing countries tend to be measured in easy but irrelevant ways.Kamarck concludes with a call for economists to involve themselves in data collection, to insist on more accurate and reliable data sources, to do analysis within the context of experience, and to take a realistic, incremental approach to policymaking. Kamarck's concerns are shared by many economists, and his eloquent presentation will be essential reading for his colleagues and for those who make use of economic research. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) BUSINESS & ECONOMICS / Economics / General. bisacsh Business. Economics. Title is part of eBook package: De Gruyter University of Pennsylvania Press Package Archive 1898-1999 9783110442526 print 9780812279023 https://doi.org/10.9783/9781512809466 https://www.degruyter.com/isbn/9781512809466 Cover https://www.degruyter.com/cover/covers/9781512809466.jpg |
language |
English |
format |
eBook |
author |
Kamarck, Andrew M., Kamarck, Andrew M., |
spellingShingle |
Kamarck, Andrew M., Kamarck, Andrew M., Economics and the Real World / Anniversary Collection Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Problems of Measurement in General -- 3. Special Sources of Inaccuracy in Economic Data -- 4. Loose Concepts and Economics -- 5. National Income and Product Accounts -- 6. Balance of Payments -- 7. Macroeconomic Models -- 8. Microeconomics -- 9. Welfare Economics and Cost - Benefit Analysis -- 10. 'Capital' and 'Investment' in Less Developed Countries -- 11. Operational Conclusions -- Technical Appendix Significant Digits -- Bibliography -- Index |
author_facet |
Kamarck, Andrew M., Kamarck, Andrew M., |
author_variant |
a m k am amk a m k am amk |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Kamarck, Andrew M., |
title |
Economics and the Real World / |
title_full |
Economics and the Real World / Andrew M. Kamarck. |
title_fullStr |
Economics and the Real World / Andrew M. Kamarck. |
title_full_unstemmed |
Economics and the Real World / Andrew M. Kamarck. |
title_auth |
Economics and the Real World / |
title_alt |
Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Problems of Measurement in General -- 3. Special Sources of Inaccuracy in Economic Data -- 4. Loose Concepts and Economics -- 5. National Income and Product Accounts -- 6. Balance of Payments -- 7. Macroeconomic Models -- 8. Microeconomics -- 9. Welfare Economics and Cost - Benefit Analysis -- 10. 'Capital' and 'Investment' in Less Developed Countries -- 11. Operational Conclusions -- Technical Appendix Significant Digits -- Bibliography -- Index |
title_new |
Economics and the Real World / |
title_sort |
economics and the real world / |
series |
Anniversary Collection |
series2 |
Anniversary Collection |
publisher |
University of Pennsylvania Press, |
publishDate |
2016 |
physical |
1 online resource (180 p.) Issued also in print. |
edition |
Reprint 2016 |
contents |
Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Problems of Measurement in General -- 3. Special Sources of Inaccuracy in Economic Data -- 4. Loose Concepts and Economics -- 5. National Income and Product Accounts -- 6. Balance of Payments -- 7. Macroeconomic Models -- 8. Microeconomics -- 9. Welfare Economics and Cost - Benefit Analysis -- 10. 'Capital' and 'Investment' in Less Developed Countries -- 11. Operational Conclusions -- Technical Appendix Significant Digits -- Bibliography -- Index |
isbn |
9781512809466 9783110442526 9780812279023 |
url |
https://doi.org/10.9783/9781512809466 https://www.degruyter.com/isbn/9781512809466 https://www.degruyter.com/cover/covers/9781512809466.jpg |
illustrated |
Not Illustrated |
doi_str_mv |
10.9783/9781512809466 |
oclc_num |
979970715 |
work_keys_str_mv |
AT kamarckandrewm economicsandtherealworld |
status_str |
n |
ids_txt_mv |
(DE-B1597)475643 (OCoLC)979970715 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter University of Pennsylvania Press Package Archive 1898-1999 |
is_hierarchy_title |
Economics and the Real World / |
container_title |
Title is part of eBook package: De Gruyter University of Pennsylvania Press Package Archive 1898-1999 |
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1770177150468489216 |
fullrecord |
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