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Economic Ideas You Should Forget
Kategorie
Beschreibung
036a
XA-DE
037b
eng
077a
48625495X Druckausg.: ‡Economic ideas you should forget
087q
978-3-319-47457-1
100b
Frey, Bruno S. ¬[Hrsg.]¬
104b
Iselin, David ¬[Hrsg.]¬
331
Economic Ideas You Should Forget
410
Cham
412
Springer
425
2017
425a
2017
433
Online-Ressource (XIII, 166 p, online resource)
451b
SpringerLink. Bücher
527
Druckausg.: ‡Economic ideas you should forget
527
Printed editionISBN: 978-3-319-47457-1
540a
ISBN 978-3-319-47458-8
700
|KCY
700
|BUS000000
700b
|330
700g
1270877089 QC 000
750
Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics
753
Introduction -- Capitalism -- Sola-Protestantism in Economics.-Economics Has Hothing to Do with Religion -- More Choice Is Always Better.-People Are Outcome-Oriented -- Deriving Peopls's Trade Policy Preferences from Macro-Economic Trade Theory -- Size (of Government) Doesn't Matter -- Byesianism -- The Return on Equity -- Peak Oil Theory -- More Choice Is Always Better -- (Un-)Productive Labor -- Volatility Is Risk -- Robots Will Take All Our Jobs -- Economic Growth Increase People's Well-Being -- Big Data Predictions Devoid of Theory -- Government Debts Are a Burden on Future Generations -- Public Spending Reduces Unemployment -- The Capital Asset Pricing Model -- Innovation Programs Lead to Innovation -- Factors of Production Are Homogenous Within Categories -- Individual Utility Depends Only on Absolut Consumption -- The Relative Price Effect Explains Behavior -- The Precedence of Exchange Over Production -- Inequality Reduces Growth -- Contingent Valuation, Willingness to Pay and Willingness to Accept -- Governments Must Reduce Budget Deficits -- Reach for Your Dream -- The EU's Competiveness Authority -- Say's Law -- Boundedness of Rationality -- Rational Expectations -- Letting Insolvent Banks Fail -- Pleasantville Politics - Selecting Politicians According to Ability -- The Axioms of Revealed Preference -- The Myth of Expansionary Consolidations -- Government Hurts the Economy More Than It Helps -- The Motivated Armchair Approach to Preferences -- Economics Is Based on Scientific Methods -- The Death of Distance -- Concept of Rationality -- Pay for Performance Raises Performance -- Home Ownership Is Good -- Coase Theorem -- Poverty Is Good for Development -- Markets Are Efficient -- CEOs Are Paid for Talent -- The Efficiency-Equity Tradeoff -- Deterministic Trend of Inequality -- Quantitative Easing -- Hosting the Olympic Games -- Abolishing Cash as Solution Against the Evil -- Receiving Money and Hot Having to work Raises Happiness -- Saints in Public Office -- Helicopter Money -- Decisions are Deterministic -- Politicians Systematically Converge to the Median Voter -- Artists Are Poor and Thus Unhappy -- Returns on Educational Investments Are Highest for Early Childhood Interventions -- EU Centralization -- The Alleged Asymmetry in Maintaining a Fixed Exchange Rate -- Governments Should Maximize the Happiness of the Population -- Okun's Equality-Efficiency Tradeoff -- A Rising Tide Raises all Boats -- Social Cost Analysis -- Natural Resources Make Rich -- The Natural Rate of Interest Is Positive -- Europe's "Skill Shortage" -- Taxes are Paid Because of Expected Punishment -- Better safe than Sorry -- The End of Work -- Postscript
902s
20921225X Wirtschaftstheorie
902s
209000694 Kritik
012
48667908X
081
Economic Ideas You Should Forget
100
Springer E-Book
125a
Elektronischer Volltext - Campuslizenz
655e
$uhttp://dx.doi.org/10.1007/978-3-319-47458-8
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