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008 210830t20161983pau fo d z eng d
019 _a(OCoLC)980263137
020 _a9780812279023
_qprint
020 _a9781512809466
_qPDF
024 7 _a10.9783/9781512809466
_2doi
035 _a(DE-B1597)9781512809466
035 _a(DE-B1597)475643
035 _a(OCoLC)979970715
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS069000
_2bisacsh
084 _aonline - DeGruyter
100 1 _aKamarck, Andrew M.
_eautore
245 1 0 _aEconomics and the Real World /
_cAndrew M. Kamarck.
250 _aReprint 2016
264 1 _aPhiladelphia :
_bUniversity of Pennsylvania Press,
_c[2016]
264 4 _c©1983
300 _a1 online resource (180 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aAnniversary Collection
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_t1. Introduction --
_t2. Problems of Measurement in General --
_t3. Special Sources of Inaccuracy in Economic Data --
_t4. Loose Concepts and Economics --
_t5. National Income and Product Accounts --
_t6. Balance of Payments --
_t7. Macroeconomic Models --
_t8. Microeconomics --
_t9. Welfare Economics and Cost - Benefit Analysis --
_t10. 'Capital' and 'Investment' in Less Developed Countries --
_t11. Operational Conclusions --
_tTechnical Appendix Significant Digits --
_tBibliography --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aDrawing on a lifetime of distinguished work in economic research and policymaking, Andrew Kamarck details how his profession can more usefully analyze and solve economic problems by changing its basic approach to research.Kamarck contends that most economists today strive for a mathematical precision in their work that neither stems from nor leads to an accurate view of economic reality. He develops elegant critiques of key areas of economic analysis based on appreciation of scientific method and knowledge of the limitations of economic data. Concepts such as employment, market, and money supply must be seen as loose, not exact. Measurement of national income becomes highly problematic when taking into account such factors as the so-called underground economy and currency differences. World trade analysis is based on inconsistent and often inaccurate measurements. Subtle realities of the individual, social, and political worlds render largely ineffective both large-scale macroeconomics models and micro models of the consumer and the firm. Fashionable cost-benefit analysis must be recognized as inherently imprecise. Capital and investment in developing countries tend to be measured in easy but irrelevant ways.Kamarck concludes with a call for economists to involve themselves in data collection, to insist on more accurate and reliable data sources, to do analysis within the context of experience, and to take a realistic, incremental approach to policymaking. Kamarck's concerns are shared by many economists, and his eloquent presentation will be essential reading for his colleagues and for those who make use of economic research.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 7 _aBUSINESS & ECONOMICS / Economics / General.
_2bisacsh
653 _aBusiness.
653 _aEconomics.
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.9783/9781512809466
856 4 0 _uhttps://www.degruyter.com/isbn/9781512809466
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781512809466.jpg
942 _cEB
999 _c224573
_d224573