SPRING SALE đź“š Buy 3+ Books | Get 25% Off

The co-op bookstore for avid readers
Book Cover for: What's Wrong with Economics?: A Primer for the Perplexed, Robert Skidelsky

What's Wrong with Economics?: A Primer for the Perplexed

Robert Skidelsky

A passionate and informed critique of mainstream economics from one of the leading economic thinkers of our time

This insightful book looks at how mainstream economics' quest for scientific certainty has led to a narrowing of vision and a convergence on an orthodoxy that is unhealthy for the field, not to mention the societies which base policy decisions on the advice of flawed economic models. Noted economic thinker Robert Skidelsky explains the circumstances that have brought about this constriction and proposes an approach to economics which includes philosophy, history, sociology, and politics.

Skidelsky's clearly written and compelling critique takes aim at the way that economics is taught in today's universities, where a focus on modelling leaves students ill-equipped to grapple with what is important and true about human life. He argues for a return to the ideal set out by John Maynard Keynes that the economist must be a "mathematician, historian, statesman, [and] philosopher" in equal measure.

Book Details

  • Publisher: Yale University Press
  • Publish Date: Feb 23rd, 2021
  • Pages: 248
  • Language: English
  • Edition: undefined - undefined
  • Dimensions: 7.70in - 5.00in - 1.00in - 0.40lb
  • EAN: 9780300257496
  • Categories: • Economics - Theory• Economic History• Consumer Behavior - General

More books to explore

Book Cover for: Crashed: How a Decade of Financial Crises Changed the World, Adam Tooze
Book Cover for: Capital in the Twenty-First Century, Thomas Piketty
Book Cover for: Crap: A History of Cheap Stuff in America, Wendy A. Woloson
Book Cover for: The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes, Zachary D. Carter
Book Cover for: Look: How to Pay Attention in a Distracted World, Christian Madsbjerg
Book Cover for: Shutdown: How Covid Shook the World's Economy, Adam Tooze
Book Cover for: The Mind Is Flat: The Remarkable Shallowness of the Improvising Brain, Nick Chater
Book Cover for: Capital and Ideology, Thomas Piketty
Book Cover for: Economic Origins of Dictatorship and Democracy, Daron Acemoglu
Book Cover for: Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail, Ray Dalio
Book Cover for: Basic Economics: A Common Sense Guide to the Economy, Thomas Sowell
Book Cover for: Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, Kate Raworth
Book Cover for: The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy, Stephanie Kelton
Book Cover for: The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Sebastian Edwards
Book Cover for: Thinking Like an Economist: How Efficiency Replaced Equality in U.S. Public Policy, Elizabeth Popp Berman

About the Author

Robert Skidelsky is emeritus professor of political economy at the University of Warwick. He is the author of many books, including Money and Government: The Past and Future of Economics.

More books by Robert Skidelsky

Book Cover for: Mindless: The Human Condition in the Age of Artificial Intelligence, Robert Skidelsky
Book Cover for: John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman, Robert Skidelsky
Book Cover for: Keynes: A Very Short Introduction, Robert Skidelsky
Book Cover for: How Much is Enough?: Money and the Good Life, Robert Skidelsky
Book Cover for: Keynes: The Return of the Master, Robert Skidelsky
Book Cover for: Money and Government: The Past and Future of Economics, Robert Skidelsky
Book Cover for: Russia's Place in the World in the 21st Century, Robert Skidelsky
Book Cover for: How Much Is Enough?: Money and the Good Life, Robert Skidelsky
Book Cover for: Austerity Vs Stimulus: The Political Future of Economic Recovery, Robert Skidelsky

Praise for this book

"[A]n important and fundamentally correct critique of the core methodology of economics: individualistic; analytical; ahistorical; asocial; and apolitical."--Martin Wolf, Financial Times

"This impassioned critique aims to show how economic laws have limited scope compared with the laws in natural science. To be effective, Skidelsky argues, economics must include institutions and their power, and move towards social sciences such as politics and sociology."--Andrew Robinson, Nature

"[T]his book is a staple for trying to quench curiosity and a great bridge from a bachelor's in standard economics to economic methodology and the philosophy of economics."--Ella Needler and Maria JoĂŁo Pimenta, Erasmus Journal for Philosophy and Economics

"Trenchant and highly readable. . . . Should be required reading for anyone new to the field, students and general readers alike."--Simon Torracinta, Boston Review

"Robert Skidelsky has written the book that anyone who wants to learn economics--and anyone who thinks that they know economics--should read."--Meghnad Desai, author of Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One

"This is a cogent and highly readable exposure of economics as a discourse, often free from the constraints of history and politics, and therefore free to inhabit an imaginary world underpinned by the seductive verities of logic and mathematics. It also helps to explain why 2008 took the whole world by surprise."--Gareth Stedman Jones, author of An End to Poverty?

"Skidelsky gives a wonderfully readable, compelling and compassionate account of where economics goes wrong. This is an urgent message for all sides to hear."--Nancy Cartwright, professor of philosophy, Durham University