The Soulful Science: What Economists Really Do and Why It Matters

The Soulful Science What Economists Really Do and Why It Matters To many Thomas Carlyle s put down of economics as the dismal science is as fitting now as it was years ago But Diane Coyle argues that economics today is soulful than dismal a practical and huma

  • Title: The Soulful Science: What Economists Really Do and Why It Matters
  • Author: Diane Coyle
  • ISBN: 9780691136233
  • Page: 127
  • Format: Paperback
  • To many, Thomas Carlyle s put down of economics as the dismal science is as fitting now as it was 150 years ago But Diane Coyle argues that economics today is soulful than dismal, a practical and human science than ever before Building on the popularity of books such as Freakonomics that have applied economic thinking to the paradoxes of everyday life, TheTo many, Thomas Carlyle s put down of economics as the dismal science is as fitting now as it was 150 years ago But Diane Coyle argues that economics today is soulful than dismal, a practical and human science than ever before Building on the popularity of books such as Freakonomics that have applied economic thinking to the paradoxes of everyday life, The Soulful Science describes the remarkable creative renaissance in how economics is addressing the most fundamental questions and how it is starting to help solve problems such as poverty and global warming A lively and entertaining tour of the most exciting new economic thinking about big picture problems, The Soulful Science uncovers the hidden humanization of economics over the past two decades Coyle shows how better data, increased computing power, and techniques such as game theory have transformed economic theory and practice in recent years, enabling economists to make huge strides in understanding real human behavior Using insights from psychology, evolution, and complexity, economists are revolutionizing efforts to solve the world s most serious problems by giving policymakers a new and vastly accurate picture of human society than ever before They are also building our capacity to understand how what we do today shapes what the world will look like tomorrow And the consequences of these developments for human life, for governments, and for businesses are only now starting to be realized in areas such as resource auctions, pollution credit trading, and monetary policy The Soulful Science tells us how economics got its soul back and how it just might help save the planet s.

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    One thought on “The Soulful Science: What Economists Really Do and Why It Matters”

    1. Argues that economics is in fact far more empirical, less focused on material factors, and less reliant on math chosen on the basis that it leads to analytical solutions than is often believed. Partially successful, in that ironically a little bit of algebra (as well as more background info in general) would probably make it much easier to follow many of her case studies. I was not convinced that much has changed with the thought processes economist's use.

    2. Coyle, Diane (2007). The Soulful Science. What Economists Really Do And Why it Matters. Princeton: Princeton University Press. 2007. ISBN: 9780691125138. Pagine 279. 18.45 $Come ho raccontato recensendo il suo libro sul GDP, di Diane Coyle avevo comprato e letto 5 o 6 anni fa un altro libro, A Soulful Science. Ero stato attratto soprattutto dal titolo, che contraddice spudoratamente una definizione dell’economia come the dismal science che ho sempre molto amato citare (la citazione è di Thoma [...]

    3. A good overview of all of the fields of economics, the key players in the history and development of economics, and largely fair in discussing the strengths and weaknesses in what is essentially a social science which seeks the "rigor" of the hard sciences, and which is expanding into other, less financial realms, through behavioral economics - a discipline which must look to psychology and sociology for data. Personally, I think economics should stick to discussing exchange rates, tariffs, prot [...]

    4. This book is written as if the writer is giving a senior tutorial in recent economic trends. It's not that her observations aren't interesting, but it's as if she's having a long Sunday brunch conversation with her lecture notes in front of her. There isn't enough cohesion here for a book. She assumes certain beliefs that she shouldn't, by making sweeping statements and moving on without explanation. This would work in a tutorial format, since very often we allow the teacher to continue the lect [...]

    5. Coyle provides an extensive overview of the changes in economic theory, data analysis and policy implications in this book. The book provides a lot of well documented analysis of these changes, but at some points falls short of providing enough explanation. One might consider finishing their undergraduate degree (or maybe even a masters) in economics before picking up this book.

    6. start back at Chapter 2 page 45.Econometrics defined: "the application of statistical techniques to large sets of data on individual behavior."copyright 2007, so may not be worth finishing

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