Real-world_economics Knowpia

Real-world economics is a school of economics that uses an inductive method to understand economic processes. It approaches economics without making a priori assumptions about how ideal markets work, in contrast to what Nobel Prize-winning economist, Ronald Coase, referred to as "blackboard economics" and its deductive method.^[1]

References edit

^ Coase, R. H. (1987). The Firm, the Market, and the Law. University of Chicago Press. p. 19.

Fullbrook, Edward, ed. (2007). Real World Economics: A Post-Autistic Economics Reader. Anthem Press. ISBN 9781843312369.
What Every Economics Student Needs to Know and Doesn't Get in the Usual Principles Text. Routledge. 2014. p. 7. ISBN 978-0765639233.
Foundations of Real-World Economics, Abingdon-on-Thames. Routledge. 2019. p. 192.

External links edit

Real-World Economics Review
Examples of real-world economics concepts from the American Economic Association
Real-world economics explained at The Economics Network
Foundations of Real-World Economics at Harvard Summer School

[1] Coase, R. H. (1987). The Firm, the Market, and the Law. University of Chicago Press. p. 19.

[1]

Summary

See also edit

References edit

External links edit