The future of economics

Article Abstract:

Economist, David Colander, argues that 'loose fitting pragmatism', or seeking patterns in economic data, is the best way to tackle problems in economics. Meanwhile, University of Chicago's Richard Thaler argues that a greater focus on human cognition would make models more realistic. Thaler's approach offers a way of making economics more interesting than Colander's, and Thaler also offers a possibility of developing mdels which appear truthful, yet are not unwieldy.

Economics, Beliefs, opinions and attitudes

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Murder, he wrote

Article Abstract:

Roger Bootle's book 'The Death of Inflation' claims that the US economy will revert to its pre-World War II level of inflation. His controversial thesis refers to an era of economic activity that experienced year-to-year price fluctuations, leaving average price levels unchanged over longer periods.

Economic aspects, Column, Inflation (Finance), Inflation (Economics), The Death of Inflation: Surviving and Thriving in the Zero Era (Book), Bootle, Roger

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Frederic Bastiat

Article Abstract:

The impact and relevance of the views of 19th century French economist, Frederic Bastiat, are examined in detail. he favored free trade, and many of his arguments in relation to this are still valid.

History, Economic policy, Bastiat, Frederic

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