Overview: Shows the weaknesses of various traditional economic concepts and ideas.Rejects major economic ideas including the Coase Theorem, Say’s Law, Bounded Rationality, Bayesianism, and many more.Provides a Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge..By discussing problematic th
|