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Dionysian Economics - Making Economics a Scientific Social Science (Hardcover, 1st ed. 2016)
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Dionysian Economics - Making Economics a Scientific Social Science (Hardcover, 1st ed. 2016)
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Nietzsche distinguished between two forces in art: Apollonian,
which represents order and reason, and Dionysian, which represents
chaos and energy. An ideal work of art combines these two
characteristics in a believable, relatable balance. Economists,
Ward argues, have operated for too long under the assumption that
their work reflects scientific, Apollonian principals when these
simply do not or cannot apply: "constants" in economics stand in
for variables, mathematical equations represent the simplified
ideal rather than the complex reality, and the core scientific
principal of replication is all but ignored. In Dionysian
Economics, Ward encourages economists to reintegrate the standard
rigor of the scientific method into their work while embracing the
fact that their prime indicators come from notoriously chaotic and
changeable human beings. Rather than emphasizing its shortfalls
compared to an extremely Apollonian science, such as physics,
economics can aspire to the standards of a science that accounts
for considerable Dionysian variation, such as biology. The book
proposes that economists get closer to their dynamic objects of
study, that they avoid the temptation to wish away dynamic
complexity by using simplifying assumptions, and that they
recognize the desire to take risks as fundamentally human.
General
Imprint: |
Palgrave Macmillan
|
Country of origin: |
United Kingdom |
Release date: |
March 2016 |
First published: |
2016 |
Authors: |
Benjamin Ward
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Dimensions: |
216 x 140 x 25mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
283 |
Edition: |
1st ed. 2016 |
ISBN-13: |
978-1-137-59735-9 |
Categories: |
Books >
Business & Economics >
Economics >
Economic theory & philosophy
|
LSN: |
1-137-59735-6 |
Barcode: |
9781137597359 |
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