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Economics in Theory and Practice: An Eclectic Approach - Essays in Honor of F. G. Adams (Paperback, Softcover reprint of the original 1st ed. 1989)
Loot Price: R1,503
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Economics in Theory and Practice: An Eclectic Approach - Essays in Honor of F. G. Adams (Paperback, Softcover reprint of the original 1st ed. 1989)
Series: Advanced Studies in Theoretical and Applied Econometrics, 17
Expected to ship within 10 - 15 working days
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Lawrence Klein, University of Pennsylvania Jaime Marquez, Federal
Reserve BoarrI* All examination of the economics literature over
the last twenty years reveals a marked tendency towards
polarisation. On the one hand, there has been a propensity to
develop theoretical models which have little connection with either
empirical verification or problems requiring immediate attention.
On the other iland, empirical analyses are generally typified by
testing for its own sake, with limited examination of the
implications of the results. As a result, the number of papers
confronting theory with facts towards the solution of economic
problems has been on the decline for years. To fill this growing
gap in the literature, we have invited a number of authors to write
papers using both theoretical and empirical techniques to address
current issues of interest to the profession at large: the US trade
deficit and the global implications of policies that attempt to
reduce it, the international ramifications of the debt crisis, the
international oil market and its implications for the US oil
industry, and the development of new econometric techniques. In
addressing these issues, each author has approached the subject
matter from an eclectic standpoint - that is, avoiding strict
adherence to a given doctrine.
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