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About this product
- DescriptionWhy do certain ideas gain currency in ecomics while others fall by the wayside? Paul Krugman argues that the unwillingness of mainstream ecomists to think about what they could t formalize led them to igre ideas that turn out, in retrospect, to have been very good ones. Krugman examines the course of ecomic geograph and development theory to shed light on the nature of ecomic inquiry. He traces how development theory lost its huge initial influence and virtually disappeared from ecomic discourse after it became clear that many of the theory's main insights could t be clearly modeled. Ecomic geography seems to have fared even worse, as ecomists shied away from grappling with questions about space -- such as the size, location, or even existence of cities -- because the terrain was seen as unsuitable for the tools at hand. Krugman's book, however, is t a call to abandon ecomic modeling. He concludes with a reminder of why insisting on the use of models may be right, even when these sometimes lead ecomists to overlook good ideas. He also recaps the discussion of development and ecomic geography with a commentary on recent developments in those fields and areas where further inquiry looks most promising.
- Author BiographyPaul Krugman is Professor of Economics and International Affairs at Princeton University and a New York Times columnist. He was awarded the Nobel Prize for Economics in 2008.
- Author(s)Paul R. Krugman
- PublisherMIT Press Ltd
- Date of Publication30/09/1997
- Series TitleOhlin Lectures
- Place of PublicationCambridge, Mass.
- Country of PublicationUnited States
- ImprintMIT Press
- Content Note4
- Weight158 g
- Width134 mm
- Height198 mm
- Spine10 mm
- Format DetailsTrade paperback (US)
- Interest AgeFrom 18
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