Economics is a dynamic and progressive science and naturally, particular parts of its theory are empirically invalidated. In Economic Ideas You Should Forget, 71 economics and social scientists discuss problematic theoretical assumptions and hypotheses, which remain prominent in among politicians, economists and the general public even though in the light of the financial crisis they have lost both their relevance and supporting empirical evidence.
Reporting on cutting-edge advances of economic research, this book reveals weaknesses of several core economics concepts such as the 'Coase Theorem' or 'Say's Law', and provides an overview of the economic profession and currently dominant thought to anyone interested in scientific progress and the further development of economics.
This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.
Press copies are available upon request and the editors are available.