An Introduction to Economics as an Interpretive Science: Mainstream and Heterodox Views

Economics is about making the world a better place. Economists differ, however, in how they interpret the world. This book places the ideas of both mainstream and heterodox viewpoints in the context of the origins and evolution of capitalism. This book rests on a number of propositions. First, intellectually curious students learn best when presented with paradox, ambiguity, and contradiction. Paradox follows from the underlying theme: are economic phenomena reducible to the choices of individuals? Or are choices channeled by the underlying institutions, by sets of humanly created rules? The confusion imposed by different points of view help intellectually curious students use the ideas presented to find their own way. If truth be found, it lies in sampling different ideas, listening to different stories, and allowing students to decide for themselves. Second, students learn better when presented with clear, concise writing. I have taken the advice of Deirdre McCloskey: clarity stems from brevity, applying efficiency to the written word. Third, learning economics is about telling stories, applying economic ideas to understand real-world problems. Economics is much like advanced kindergarten: we connect dots, draw pictures, and tell stories. The key lies in the stories, mappings between theory and reality. Let the stories begin

Author: John P. Watkins
Publisher: Createspace Independent Publishing Platform
Published: 12/20/2013
Pages: 148
Binding Type: Paperback
Weight: 1.08lbs
Size: 11.00h x 8.50w x 0.38d
ISBN13: 9781494742331
ISBN10: 1494742330
BISAC Categories:
- Business & Economics | Economics | Theory

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