The Resource The craft of economics : lessons from the Heckscher-Ohlin framework, Edward E. Leamer

The craft of economics : lessons from the Heckscher-Ohlin framework, Edward E. Leamer

Label
The craft of economics : lessons from the Heckscher-Ohlin framework
Title
The craft of economics
Title remainder
lessons from the Heckscher-Ohlin framework
Statement of responsibility
Edward E. Leamer
Creator
Author
Subject
Language
eng
Summary
In this spirited and provocative book, Edward Leamer turns an examination of the Heckscher--Ohlin framework for global competition into an opportunity to consider the craft of economics: what economists do, what they should do, and what they shouldn't do. Claiming "a lifetime relationship with Heckscher--Ohlin," Leamer argues that Bertil Ohlin's original idea offered something useful though vague and not necessarily valid; the economists who later translated his ideas into mathematical theorems offered something precise and valid but not necessarily useful. He argues further that the best economists keep formal and informal thinking in balance. An Ohlinesque mostly prose style can let in faulty thinking and fuzzy communication; a mostly math style allows misplaced emphasis and opaque communication. Leamer writes that today's model- and math-driven economics needs more prose and less math. Leamer shows that the Heckscher--Ohlin framework is still useful, and that there is still much work to be done with it. But he issues a caveat about economists: "What we do is not science, it's fiction and journalism." Economic theory, he writes, is fiction (stories, loosely connected to the facts); data analysis is journalism (facts, loosely connected to the stories). Rather than titling the two sections of his book Theory and Evidence, he calls them Economic Fiction and Econometric Journalism, explaining, "If you find that startling, that's good. I am trying to keep you awake."
Member of
Cataloging source
N$T
Dewey number
382.01
Illustrations
illustrations
Index
index present
LC call number
HF1411
LC item number
.L422 2012eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
The Ohlin lectures
Label
The craft of economics : lessons from the Heckscher-Ohlin framework, Edward E. Leamer
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction -- The Heckscher-Ohlin framework as economic fiction -- The econometric journalism of the HO framework
Control code
ocn774393823
Dimensions
unknown
Extent
1 online resource (ix, 196 pages)
File format
unknown
Form of item
online
Isbn
9780262301589
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
9786613448941
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 22573/ctt5mxwqf
  • 344894
Quality assurance targets
not applicable
http://library.link/vocab/recordID
.b30490753
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)774393823
  • pebcs026230158X

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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