What Every Economics Student Needs to Know and Doesn't Get in the Usual Principles Text
| Author | : | |
| Rating | : | 4.15 (960 Votes) |
| Asin | : | 0765639238 |
| Format Type | : | paperback |
| Number of Pages | : | 268 Pages |
| Publish Date | : | 2013-04-29 |
| Language | : | English |
DESCRIPTION:
John Komlos is Professor Emeritus of Economics at the University of Munich.
Though not a replacement for an introductory text, the work is intended as a supplement to provoke further thought and discussion by juxtaposing blackboard models of the economy with empirical observations. Each chapter starts with a short "refresher" of standard neoclassical economic modelling before getting into real world economic life. The book is an affordable supplement for all basic economics courses or for anyone who wants to review the basic ideas of economics with clear eyes.. This short book explores a core group of 40 topics that tend to go unexplored in an Introductory Economics course. Komlos shows how misleading it can be to mechanically apply the perfect competition model in an oligopolistic environment where only an insignificant share of economic activity takes place in perfectly competitive conditions. Likewise, most textbook authors eschew any distortions of market pricing by government, but there is usually little discussion of the real impa
He highlights what the new theory will need to explain. Fluently written, accessible, and highly recommended as a corrective to standard textbooks." -- Avner Offer, University of Oxford"The real world seldom operates like the diagrams in economics textbooks. Instead of fetishizing economic efficiency, Komlos explains why economics should focus on creating a better society and helping all of us live more fulfilling lives." -- James Kwak, University of Connecticut, co-author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown"A serious student of economics must come to terms with what is worthwhile in what he or she learns and what is not. John Komlos's new book can provide a valuable assist in that effort." -- Alexander J. In this excellent book, John Komlos makes a start: he shows what parts of theory remain useful, and which ones have been fal
A breath of fresh air! NE Kahn I teach principles of microeconomics. For years I have been looking for an introductory textbook providing a coherent, honest, and realistic approach to economics; this is no doubt that book! Being lucky enough to have received my economics training from a program offering a pluralist approach, I am well aware of the shortcomings and dangers associated with the way 'prin. Great Criticism of the Dominant Economic Paradigm I teach ecological economics and use the book to supplement my lecture material. There are tons of references that I found invaluable and it is very current with respect to the current debates amongst economic theorists (i.e. Rogoff, Krugman etc.).. "I would recommend this textbook to anyone who wants to learn another" according to Kristen Dokken. This textbook opened my eyes to another world of economics: the real world of economics and showed me how different everything actually works in the real world compared to what I've learned in mainstream economics textbooks. This book opened my eyes to things I had never thought of in our economy and blew me away in every chapter. I learned of all the deception of corpor