Economics versus Reality
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Economics versus Reality
Book Details
• Format: Paperback
• Language: English
• ISBN-13: 9780367237806
• Writer: Legge
• Publisher: Routledge
• Pages: 336
John M. Legge shows how real-world economics diverges from textbook theory. He argues that the reliance on calculus 140 years ago misled mainstream economics into an obsession with Equilibrium, ignoring the constant change and complexity of real human behavior. This book presents economics in a historical context, covering contributions from key figures like Adam Smith, who emphasized morality and society’s interests over mere numerical measures like GDP. Legge situates the economy within society and the environment, highlighting the social and environmental impacts of economic decisions. This work bridges the gap between economic theory and reality, making it valuable for students, business managers, and those interested in political economy.
