Download PDF Foundations of Real-World Economics
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Foundations of Real-World Economics
Download PDF Foundations of Real-World Economics
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Review
"With real and penetrating insight, in fifteen close-packed chapters, spanning microeconomics and macroeconomics, [Komlos] retraces the steps of mainstream economic textbooks...For those studying undergraduate economics, or economics professors that largely teach undergraduates, or anyone closely following economic, political and social events of the day, this book should be ‘chewed and digested'.", Larry Allen, Economic Issues "The 'Great Recession' which began in 2008 was not anticipated by economists, and they remain divided about the remedies… Economics requires a re-think, but this is proving hard. In this excellent book, John Komlos makes a start: he shows what parts of theory remain useful, and which ones have been falsified by experience. He highlights what the new theory will need to explain. Most importantly, he shows that it is necessary to start from current economics in order to reform it. Fluently written, accessible, and highly recommended as a corrective to standard textbooks.", Avner Offer, Emeritus Fellow of All Souls College, University of Oxford, Fellow of the British Academy "a wonderful book… a manifesto… written in a style that is easy to follow… highly innovative and a must-read, especially but not only for students who are new to economics… John Komlos has given us a valuable tool that we can use to enrich our teaching and open the minds of our students… We owe him our thanks. More, we owe him our students’ patronage." Gerald Friedman, Professor of Economics, University of Massachusetts, Amherst. "John Komlos has given us a very useful companion text to the standard introductory economics version. Students would do well to read the two together. In fact, anyone who has taken introductory economics and had it shape their thinking about the world would benefit from learning about the issues raised in this book." Dean Baker, Senior Economist, Center for Economic and Policy Research. "John Komlos provides an important complement to―and corrective for―the standard Economics 101 textbook. This book clearly explains why free markets are far from perfect and, indeed, do not exist in the vast majority of the modern economy. Instead of fetishizing economic efficiency, Komlos explains why economics should focus on creating a better society and helping all of us live more fulfilling lives." James Kwak, Professor of Law, University of Connecticut, co-author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown "The real world seldom operates like the diagrams in economics textbooks. Often left out are that human beings often act irrationally, markets have rules, and models typically began with the assumption of ‘… all else being equal’ John Komlos provides a welcome and much needed real world look at the dismal science in his Critique of Pure Economics. In plain language that even high school seniors can grasp, Komlos shows the wishful thinking that infects standard economic texts and builds his case with empirical facts." David Cay Johnston, Pulitzer Prize-winning author of The Fine Print: How Big Companies Use "Plain English" to Rob You Blind and the New York Times bestseller, Perfectly Legal. "Komlos’s provocative book at once brings together and creatively synthesizes a great deal of work critical of conventional economics and lays out the broad contours of an alternative approach that the author calls humanistic economics… Komlos’s book is timely and relevant. The author includes excellent discussions of income and wealth inequality, the cultural contradictions of capitalism, and green environmental accounting, as well as an entire chapter on the financial sector (a sector often omitted entirely in introductory classes) and the sector’s role in the Great Recession." Peter Coclanis, Director of the Global Research Institute at the University of North Carolina at Chapel Hill. "This is a wonderful book, which puts together different topics and perspectives to create a unique synthesis of a coherent critique on aspects of classic economics… It is written in a style that is easy to follow, so that even not very experienced students will have no difficulties in following and understanding the text.", Dieter Bögenhold, Faculty of Economics and Management, Alpen-Adria University Klagenfurt, Austria
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About the Author
John Komlos is Professor Emeritus of Economics and of Economic History at the University of Munich, Germany. He has also taught at universities such as Harvard, Duke, UNC-Chapel Hill, University of Vienna, and Vienna School of Economics and Business. In 2003 Komlos founded the field of Economics & Human Biology with the journal of the same name, and through his research he has come to realize the limitations of conventional economic theory and has been an ardent advocate of humanistic economics.
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Product details
Paperback: 306 pages
Publisher: Routledge; 2 edition (January 18, 2019)
Language: English
ISBN-10: 1138296546
ISBN-13: 978-1138296541
Product Dimensions:
6.8 x 0.7 x 9.7 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review:
4.0 out of 5 stars
1 customer review
Amazon Best Sellers Rank:
#471,456 in Books (See Top 100 in Books)
This is a very good book which positively delivers "what is not taught, but should be" in the ECON 101 type courses. "Humanistic Economics" - while I do not neccessarily agree with some of the sociological takeaways in the book - I DO highly rate this book because I have also had the additional benefit of lecture to accompany itdislikes - the font size and the not a crisp black and white paper/black print contrast - its more a slight eggshell paper and greyish print...
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