{"product_id":"economics-rules-the-rights-and-wrongs-of-the-dismal-science-paperback","title":"Economics Rules: The Rights and Wrongs of the Dismal Science - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eDani Rodrik\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn the wake of the financial crisis and the Great Recession, economics seems anything but a science. In this sharp, masterfully argued book, Dani Rodrik, a leading critic from within, takes a close look at economics to examine when it falls short and when it works, to give a surprisingly upbeat account of the discipline.\u003c\/p\u003e\u003cp\u003eDrawing on the history of the field and his deep experience as a practitioner, Rodrik argues that economics can be a powerful tool that improves the world--but only when economists abandon universal theories and focus on getting the context right. \u003cem\u003eEconomics Rules\u003c\/em\u003e argues that the discipline's much-derided mathematical models are its true strength. Models are the tools that make economics a science.\u003c\/p\u003e\u003cp\u003eToo often, however, economists mistake a model for \u003cem\u003ethe\u003c\/em\u003e model that applies everywhere and at all times. In six chapters that trace his discipline from Adam Smith to present-day work on globalization, Rodrik shows how diverse situations call for different models. Each model tells a partial story about how the world works. These stories offer wide-ranging, and sometimes contradictory, lessons--just as children's fables offer diverse morals.\u003c\/p\u003e\u003cp\u003eWhether the question concerns the rise of global inequality, the consequences of free trade, or the value of deficit spending, Rodrik explains how using the right models can deliver valuable new insights about social reality and public policy. Beyond the science, economics requires the craft to apply suitable models to the context.\u003c\/p\u003e\u003cp\u003eThe 2008 collapse of Lehman Brothers challenged many economists' deepest assumptions about free markets. Rodrik reveals that economists' model toolkit is much richer than these free-market models. With pragmatic model selection, economists can develop successful antipoverty programs in Mexico, growth strategies in Africa, and intelligent remedies for domestic inequality.\u003c\/p\u003e\u003cp\u003eAt once a forceful critique and defense of the discipline, \u003cem\u003eEconomics Rules\u003c\/em\u003e charts a path toward a more humble but more effective science.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cbr\u003eDani Rodrik, Albert O. Hirschman Professor in the School of Social Science, Institute for Advanced Study, Princeton University \u003cbr\u003eDani Rodrik is the Albert O. Hirschman Professor at the School of Social Science, Institute for Advanced Study, Princeton, N.J. Previously he held professorships at Harvard and Columbia Universities. He is the author, among other works, of The Globalization Paradox (2011) and One Economics, Many Recipes (2007). He has published widely in economic development and growth, globalization, and political economy. \u003cbr\u003e\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 272\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.8 x 8 x 5.4 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 11, 2016\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":53756864004429,"sku":"9780393353419","price":17.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0927\/3304\/7117\/files\/MnNBUTcvQ0p0QXNNOHVxUWVlcHZKUT09.webp?v=1776754642","url":"https:\/\/belfastbooks.us\/products\/economics-rules-the-rights-and-wrongs-of-the-dismal-science-paperback","provider":"belfastbooks.us","version":"1.0","type":"link"}