{"title":"Victor A Beker","description":null,"products":[{"product_id":"economics-social-science-and-pluralism-book-victor-a-beker-9781032212319","title":"Economics, Social Science and Pluralism","description":"\u003cp\u003eIn the work of most classical economists – including Smith and Keynes – theory was often embedded in application. But from the second half of the last century on, mainstream economics styled itself as \"pure\" economics, where the theory is presented in a very abstract form detached from any application. This book maintains that economics is a social science whose mission is to explain and, when possible, predict, phenomena of the real-world economy. The book argues that the first step to restoring economics as a social science is to define what issues economics should address. Only after this research agenda is established should the appropriate methodology be chosen, not the other way around. In this respect, examples from other social sciences as well as from natural sciences are considered more appropriate models for economics rather than physics. Moreover, the need for a closer interaction with psychology, sociology and other social sciences is required to restore the discipline to that field instead of acting as a branch of applied mathematics. The book also argues for a more pluralist approach to economic education to enable prospective economists to understand real-world economic phenomena and potential policy solution. For this reason, a good economics education should necessarily include the study of economic history and of the institutional environment.\u003c\/p\u003e\u003cp\u003eThis book is essential reading for anyone who wants to see economics return to its origins as a social science.\u003c\/p\u003e","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":50698896015633,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":50698899095825,"sku":"NGR9781032212319","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52591762309393,"sku":"NLS9781032212319","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1032212314.jpg?v=1787745368"},{"product_id":"alternative-approaches-to-economic-theory-book-victor-a-beker-9780367727901","title":"Alternative Approaches to Economic Theory","description":"The 2007\/08 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory this book contributes to the rebuilding of the discipline.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51001670435089,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51001672761617,"sku":"NIN9780367727901","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52431753019665,"sku":"NLS9780367727901","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0367727900.jpg?v=1788460930"},{"product_id":"economics-social-science-and-pluralism-book-victor-a-beker-9781032212302","title":"Economics, Social Science and Pluralism","description":"This book maintains that economics is a social science whose mission is to explain and, when possible, predict, phenomena of the real-world economy. 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In contrast to the unrealistic and artificial models of neoclassical economics, the book argues that the point of departure for economic theory should be the real world with realistic assumptions being made. The book explores the theoretical underpinnings of this real-world economics including the concepts of similarity (the relationship between economic models and real-world phenomena), evolution (economic change is a historical process in which recurrent patterns of growth, maturation, and decline exist), and uncertainty (the absence of knowledge of the full set of circumstances faced and the probabilities associated with them). Adopting a real-world approach also means accepting that human beings are cognitively constrained. They do not optimize, they satisfy and, thus, a real-world economic theory should incorporate bounded rationality. This book is essential reading for anyone seeking a deeper understanding of the economy, including readers from economics and across the social sciences. In this respect, it also includes some reflections on the failure of \u003cem\u003eThird Way\u003c\/em\u003e ideas to deliver on their promises. Having been incapable of changing the course impressed on the economy by the neoliberal experiment, that failure paved the way for a resurgence of nationalism, populism, and alternatives to liberal democracy, subjects analyzed in the last section of the volume.\u003c\/p\u003e","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51598244708625,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":51598245134609,"sku":"NGR9781032970233","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52613397578001,"sku":"NLS9781032970233","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1032970235.jpg?v=1785974896"},{"product_id":"economic-theory-for-the-real-world-book-victor-a-beker-9781032498553","title":"Economic Theory for the Real World","description":"\u003cp\u003eAfter the Great Financial Crisis, economic theory was fiercely criticized from both outside and inside the discipline for being incapable of explaining a crisis of such magnitude. Slowly but persistently, new strands of economic thought are developing, to replace the old-fashioned neoclassical economic theory, which have a common characteristic: they are better suited to help understand the real-world economy. This book explores the key tenets and applications of these. This book opens with an explanation of the “real world” approach to economics in which theoretical models resemble real-world situations, realistic assumptions are made, and factors such as uncertainty, coordination problems, and bounded rationality are incorporated. Additionally, this book explores the ramifications of considering the economy as both a dynamic system - with a past, present, and future - and a complex one. These theoretical precepts of the real-world economy are then applied to some of the most pressing economic issues facing the world today including ecological sustainability, the rise of corporate power, the growing dominance of the financial world, and rising unemployment, poverty, and inequality. In each case, this book reveals the insights of the shortcomings of the neoclassical approach which fails to illuminate the complexities behind each issue. It is demonstrated that, by contrast, adopting an approach grounded in the real world has the power to produce policy proposals to help tackle these problems. This book is essential reading for anyone seeking a deeper understanding of the economy, including readers from economics and across the social sciences.\u003c\/p\u003e","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51660955713809,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":51660957352209,"sku":"NGR9781032498553","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52598862643473,"sku":"NLS9781032498553","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1032498552.jpg?v=1786615149"},{"product_id":"preventing-the-next-financial-crisis-book-victor-a-beker-9780367483982","title":"Preventing the Next Financial Crisis","description":"This book answers the question: can anything be done to prevent a new financial crisis or minimize its impact? 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