Best-selling books such as Freakonomics and The Undercover
Economist have paved the way for the flourishing economics-made-fun
genre. While books like these present economics as a strong and
explanatory science, the ongoing economic crisis has exposed the
shortcomings of economics to the general public. In the face of
this crisis, many people, including well-known economists such as
Paul Krugman, have started to express their doubts about whether
economics is a success as a science. As well as academic papers,
newspaper columns with a large audience have discussed the failure
of economic to predict and explain ongoing trends. The emerging
picture is somewhat confusing: economics-made-fun books present
economics as a method of thinking that can successfully explain
everyday and "freaky" phenomena. On the other hand, however,
economics seems to fail in addressing and explaining the most
pressing matters related to the field of economics itself. This
book explores the confusion created by this contradictory picture
of economics. Could a science that cannot answer its own core
questions really be used to explain the logic of everyday life?
This book was originally published as a special issue of the
Journal of Economic Methodology.
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