This book is written from the perspective of the applied mathematician, David Orrell. He states that economics is a mathematical model of human behaviour and the economy is dangerously unstable and unbalanced, and the risk models are unreliable.--[From introduction].
This book is written from the perspective of the applied mathematician, David Orrell. He states that economics is a mathematical model of human behaviour and the economy is dangerously unstable and unbalanced, and the risk models are unreliable.--[From introduction].
The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economi…
The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economi…
The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economi…
At the core of the rational expectations revolution is the insight that economic policy does not operate independently of economic agents' knowledge of that policy and their expectations of the effects of that policy. This means that there are very complicated feedback relations…
