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A review of James Kwak’s Economism

A review of James Kwak’s Economism

I just finished reading James Kwak’s Economism: Bad Economics and the Rise of Inequality. Here is a quick review of the book.[1] Imagine a first-year economics student. After attending six lectures in introductory economics, and carefully studying the first six chapters of his economics textbook, he gets comfortable with the basic supply-demand model. Bedazzled by the potential uses of this simple model and explanatory power of economics in general (looking at the covers of economics made fun books convinces him…

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Using and Abusing Models in Economics: A Review of Rodrik’s Economics Rules

Using and Abusing Models in Economics: A Review of Rodrik’s Economics Rules

“There is much to criticize in economics, but there is also much to appreciate” Dani Rodrik (in Economics Rules, p. ix) Dani Rodrik’s new book Economics Rules: The Rights and Wrongs of the Dismal Science will be available soon. Here is an early quick review of the book. If you do not have much time, here is the main message of this review: Economics Rules is an excellent book; a must read for economists, philosophers of economics, and policy makers, and…

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Wade Hands’ Review of The Invisible Hand in Economics

Wade Hands’ Review of The Invisible Hand in Economics

Here is the last paragraph of Wade Hands’ review of The Invisible Hand in Economics (History of Political Economy 2010; 42: 388-390): “In summary, I found Aydinonat’s book to be a very important contribution to the literature. This is not to say that I would not quibble about specific details of his argument – but it does provide a very useful, and quite coherent, framework for thinking about the explanatory power and adequacy of invisible hand-type explanations. Such explanations are…

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