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The Path to a Modern Economics

Dealing with the Complexity of Economic Systems

Authors: Schwardt, Henning

    • Provides a systematic overview of the consequences of different approaches to complexity reduction in economic theory
    • Explores the relation between analytical framework, treatment of economic complexity in the formulation of that framework, and respective emerging perspectives on economic issues
    • Assesses different economic perspectives and what these have to offer regarding an understanding of economic systems
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eBook $119.00
price for USA (gross)
  • ISBN 978-3-319-52785-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-3-319-52784-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book illustrates how the treatment of complexity in analytical frameworks shapes economic studies. It explores the ways economists make sense of our economic environment and where their differences in interpretations of economic issues and policy proposals are rooted. Schwardt examines developments in economies and the role of the public sector over the last few centuries. Taking a theoretical approach and addressing different analytical frameworks, a basic distinction is introduced between top-down approaches, where assumptions about the economic environment are formulated at the outset; and bottom-up approaches, where an economic environment emerges from the interactions of the individual agents. 
By recognising the validity of alternate perspectives on economic issues, Schwardt proposes an improved foundation for economics research and policy.

About the authors

Henning Schwardt is Visiting Teaching Assistant Professor in the Department of Economics at the University of Denver, USA. His research has focused on institutional economics and development economics, as well as complexity economics.  

Table of contents (6 chapters)

  • Trends and Changes in Economies

    Schwardt, Henning

    Pages 1-35

  • Individual, Economic Environment, and Mutual Relation

    Schwardt, Henning

    Pages 37-110

  • The Function and the Functioning of Markets

    Schwardt, Henning

    Pages 111-166

  • Unemployment as Economic Crises

    Schwardt, Henning

    Pages 167-230

  • Frameworks for Economic Policy

    Schwardt, Henning

    Pages 231-328

Buy this book

eBook $119.00
price for USA (gross)
  • ISBN 978-3-319-52785-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-3-319-52784-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Path to a Modern Economics
Book Subtitle
Dealing with the Complexity of Economic Systems
Authors
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-52785-7
DOI
10.1007/978-3-319-52785-7
Hardcover ISBN
978-3-319-52784-0
Edition Number
1
Number of Pages
XI, 366
Topics