Re-thinking Theoretical Economics – new WEA book
New paperback from WEA Books
A Philosophical Framework for Rethinking Theoretical Economics
and Philosophy of Economics
by Gustavo Marques
is now available from the Amazon pages listed below
This book argues that mainstream theoretical economics has been a basically misdirected effort at creating and exploring imaginary worlds with little practical use, rather than focusing on developing instruments to understand and explain real-world economic phenomena, Gustavo Marques’ new book shows how economic theory could be redirected so as to help find solutions to real-world problems.
Exposing the ungrounded pretensions of the mainstream philosophy of economics, Marques’ carefully argued book is a major contribution to the ongoing debate on contemporary mainstream economics and its methodological and philosophical underpinnings. Even those who disagree with his conclusions will benefit from his thorough and deep critique of the modeling strategies used in modern economics.
Lars Pålsson Syll, Malmö University, Sweden
Is ‘mainstream philosophy of economics’ only about models and imaginary worlds created to represent economic theories? Marqués questions this epistemic focus and calls for the ontological examination of real world economic processes. This book is a serious challenge to standard thinking and an alternative program for a pluralist philosophy of economics.
John Davis, Marquette University, USA and University of Amsterdam
In recent decades economists have focused heavily on the development and use of models. In this scholarly but accessible book Marques clearly describes the limitations of this approach and suggests alternative directions. It is a valuable addition to the armoury of anyone concerned about the nature of mainstream economics.
Stuart Birks, Massey University, New Zealand
In this book Gustavo Marqués, one of our discipline’s most dexterous and acute minds, calmly investigates in depth economics’ most persistent methodological enigmas. Chapter Three alone is sufficient reason for owning this book.
Edward Fullbrook, University of the West of England
Other reasonably priced WEA Paperbacks
Finance as Warfare by Michael Hudson
Developing an economics for the post-crisis world by Steve Keen
On the use and misuse of theories and models in mainstream economics by Lars Palsson Syll
Green Capitalism. the God That Failed by Richard Smith
40 Critical Pointers for Students of Economics by Stuart Birks
The European Crisis editors: Victor Beker and Beniamino Moro
Piketty’s Capital in the Twenty-First Century editors: Edward Fullbrook and Jamie Morgan
The Economics Curriculum: Towards a Radical Reformulation, editors: M. Alejandra and J. Reardon