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Economics--Mathematical Politics or Science of Diminishing Returns?
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Economics--Mathematical Politics or Science of Diminishing Returns? Hardcover - 1992

by Alexander Rosenberg


From the publisher

Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability--the capacity to create more precise forecasts by evaluating the success of earlier predictions--and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a science.

From the rear cover

Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability - the capacity to create more precise forecasts by evaluating the successes of earlier predictions - and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a science.

Details

  • Title Economics--Mathematical Politics or Science of Diminishing Returns?
  • Author Alexander Rosenberg
  • Binding Hardcover
  • Edition First Edition
  • Pages 283
  • Volumes 1
  • Language ENG
  • Publisher University of Chicago Press, Chicago
  • Date 1992-10
  • Illustrated Yes
  • ISBN 9780226727233 / 0226727238
  • Weight 1.2 lbs (0.54 kg)
  • Dimensions 9.28 x 6.22 x 0.9 in (23.57 x 15.80 x 2.29 cm)
  • Library of Congress subjects Economics - Philosophy
  • Library of Congress Catalog Number 92000140
  • Dewey Decimal Code 330
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