[lbo-talk] Book Review?

Wojtek Sokolowski sokol at jhu.edu
Mon Aug 1 12:35:16 PDT 2005



> Has anyone read any of these books? If so what was your opinion of it?
>
> * "Debunking Economics: The Naked Emperor of the Social Sciences" by Steve
> Keen
>
> * "Economics As Religion: From Samuelson to Chicago and Beyond" by Robert
> Nelson
>
> * "A Guide To What's Wrong With Economics" Edward Fullbrook
>
> * "The Death of Economics" by Paul Ormerod

I read the last one quite a while ago. Very competent understanding of econometric modeling and its pitfalls. The argument is that the cherished equilibrium is a dubious concept because of the underdetermined nature of econometric equations (i.e. more than one solution possible) - a very effective "inside" critique.

Wojtek



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