Description
This book looks 'behind the model' to show how formal models of the economy work - and why they sometimes fail.
About the Author
Peter Spiegler is Assistant Professor of Economics at the University of Massachusetts, Amherst.
Reviews
'The 2007-9 global financial crisis and Great Recession demonstrated that the most prestigious economic models were incapable of recognizing, much less preventing, the debacle. How could this be possible? Peter Spiegler's critique of mainstream mathematical modeling methodology delivers a compelling explanation. More important still, Spiegler advances alternative theoretical and empirical methodologies that are capable of reframing economics as a viable scientific endeavor. Behind the Model is a deeply insightful work that should force all open-minded economists to rethink their most basic presuppositions and practices.' Robert Pollin, Distinguished Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts, Amherst
'This book takes us quickly beyond all the standard criticisms of the use of mathematical formalism in economics to broader questions of how mathematical and verbal argumentation connect to our understanding of the real world. Behind the Model is the most sophisticated discussion of the role of mathematical formalism in economics in decades, and its influence will be long lasting.' William Milberg, Dean and Professor of Economics, The New School for Social Research
Book Information
ISBN 9781107677807
Author Peter Spiegler
Format Paperback
Page Count 230
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 470g
Dimensions(mm) 242mm * 174mm * 12mm