Economics and Reality (Economics as Social Theory)

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'No reality please. We're economists'. There is a wide spread belief that modern economics is irrelevant to the understanding of the real world. In a controversial and original study, Tony Lawson argues that the root of this irrelevance is in the failure of economists to find methods and tools which are appropriate for the social world it addresses.
Supporting his argument with a wide range of examples, Tony Lawson offers a provocative account of why economics has gone wrong and how it can be put back on track.

Economics and Reality (Economics as Social Theory) Review

For me the book is very good. I do not take it as a show-off of erudition but as a thorough explanation of why recognition of subject and context matter if we are to address problems more meaningfully. The authors goes into indicating a `broad criteria and strategy', as giving a recipe is not consistent with critical realism, the philosophy of social science proposed as appropriate to move on to leaving a traditional lack of sense in much economic research.

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