LEADER 04982nam 22006495 450 001 9910298515903321 005 20220404212252.0 010 $a981-287-176-4 024 7 $a10.1007/978-981-287-176-3 035 $a(CKB)3710000000227232 035 $a(EBL)1802539 035 $a(SSID)ssj0001338337 035 $a(PQKBManifestationID)11865481 035 $a(PQKBTitleCode)TC0001338337 035 $a(PQKBWorkID)11338259 035 $a(PQKB)11183411 035 $a(DE-He213)978-981-287-176-3 035 $a(MiAaPQ)EBC1802539 035 $a(PPN)180623869 035 $a(EXLCZ)993710000000227232 100 $a20140827d2015 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRethinking economics$b[electronic resource] $efrom analogies to the real world /$fby Stuart Birks 205 $a1st ed. 2015. 210 1$aSingapore :$cSpringer Singapore :$cImprint: Springer,$d2015. 215 $a1 online resource (94 p.) 225 1 $aSpringerBriefs in Economics,$x2191-5504 ;$v0 300 $aDescription based upon print version of record. 311 $a1-322-17581-0 311 $a981-287-175-6 320 $aIncludes bibliographical references and index. 327 $aPreface -- Acknowledgements -- Chapter 1: The importance of rhetoric and framing -- 1.1: Three paths -- 1.2: Rhetoric and framing.-1.2.1: Rhetoric -- 1.2.2: Framing -- Chapter 2: Logical gaps: Path A ? Theory to the real world -- 2.1: What is theory? -- 2.2.: Limits of theory -- 2.2.1: Perfect competition and counterfactuals -- 2.2.2: Accepting or rejecting a theory -- 2.2.3: Evidence consistent with theory -- 2.2.4: An additional consideration: the importance of groups -- 2.3: Conclusions -- Chapter 3: Logical gaps: Path B - Theory to empirical formulations -- 3.1: Data problems -- 3.1.1: Aggregation -- 3.1.2: Proxies -- 3.1.3: More on indices -- 3.2: Functional forms -- 3.2.1: Controlling for other factors -- 3.2.2: Causality -- 3.2.3: Structural stability -- 3.3: Conclusions -- Chapter 4: Logical gaps: Path C ? Empirical results to the real world -- 4.1: Using statistics for policy -- 4.1.1: The research phase -- 4.1.2: The media phase -- 4.2: Consideration of the problems -- 4.2.1: Interpretation of statistical significance -- 4.2.2: Interpretation: why not change the relationship? -- 4.3: There are standard policy questions not covered by the econometrics -- 4.3.1: An example ? TV watching and attention problems -- 4.3.2: Policy questions -- 4.4: An additional example: advantage and disadvantage -- 4.5: Conclusions -- Chapter 5: A way forward -- 5.1: An example: efficiency in economics research -- 5.2: A broader context -- 5.3: In a nutshell -- 5.4: And a final word -- Appendix -- References. 330 $aThis brief responds to the criticism that mainstream economics is currently facing due to its heavy reliance on models and narrow range of quantitative research techniques. It takes a broader view, identifying issues that are also relevant for heterodox and pluralist approaches to economics. By acknowledging that the world of theory is not the same as the reality that we are trying to understand, the brief focuses on three paths that generally receive little attention. These are: from theory to the real world; from theory to empirical analysis; and from empirical results to policy application. Each path highlights a range of related concerns and qualifications, and the focus on these transitions provides a strong basis for critical evaluation of analyses and potentially more realistic results and recommendations. It also provides a framework for synthesizing information from alternative schools of thought and across disciplines. In addition, the importance of framing and rhetoric is demonstrated. The brief addresses philosophical and methodological issues using a clear, non-technical approach that can be easily understood by a non-specialist audience. 410 0$aSpringerBriefs in Economics,$x2191-5504 ;$v0 606 $aEconomic theory 606 $aEconometrics 606 $aEconomic policy 606 $aEconomic Theory/Quantitative Economics/Mathematical Methods$3https://scigraph.springernature.com/ontologies/product-market-codes/W29000 606 $aEconometrics$3https://scigraph.springernature.com/ontologies/product-market-codes/W29010 606 $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010 615 0$aEconomic theory. 615 0$aEconometrics. 615 0$aEconomic policy. 615 14$aEconomic Theory/Quantitative Economics/Mathematical Methods. 615 24$aEconometrics. 615 24$aEconomic Policy. 676 $a330.01 676 $a339.5 700 $aBirks$b Stuart$4aut$4http://id.loc.gov/vocabulary/relators/aut$01059976 906 $aBOOK 912 $a9910298515903321 996 $aRethinking Economics$92510029 997 $aUNINA