3. Cases where traditional economics doesn’t work

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Issue:

Business

 

Written by:

Barbara G

 

Date added:

September 4, 2013

 

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Grade:

B

 

No of pages / words:

10 / 2664

 

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4609 times

 

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Conclusions…………………….………………………………………………...….….10 5. Bibliography………………………………….………………………...………………11 1. Introduction. Economic theory is described as the result of the accumulation of knowledge...
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It is assumed that the opinions dominant today represent the highest stage of knowledge about the economy as today’s physics is superior to that of the 19th century. This superiority can be questioned. Theories are always embedded in certain paradigms, worldview and perspectives that change on account of political-economic developments...
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