The End of Theory - Financial Crises, the Failure of Economics, and the Sweep of Human Interaction (Paperback)

An in-depth look at how to account for the human complexities at the heart of today's financial system Our economy may have recovered from the Great Recession-but not our economics. The End of Theory discusses why the human condition and the radical uncertainty of our world renders the standard economic model-and the theory behind it-useless for dealing with financial crises. What model should replace it? None. At least not any version we've been using for the past two hundred years. Richard Bookstaber argues for a new approach called agent-based economics, one that takes as a starting point the fact that we are humans, not the optimizing automatons that standard economics assumes we are. Sweeping aside the historic failure of twentieth-century economics, The End of Theory offers a novel perspective and more realistic framework to help prevent today's financial system from blowing up again.

General

Imprint:	Princeton University Press
Country of origin:	United States
Release date:	April 2019
First published:	2017
Authors:	Richard Bookstaber
Dimensions:	235 x 156 x 19mm (L x W x T)
Format:	Paperback - Trade
Pages:	240
ISBN-13:	978-0-691-19185-0
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Promotions
LSN:	0-691-19185-9
Barcode:	9780691191850

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