retired As Director Of The World Bank Institute, Kamarck Argues That In The 21st Century, Economists Need To Be Foxes Rather Than Neoclassical Hedgehogs. He Describes A Range Of New Tools, Drawing On The Knowledge And Experience Of Other Disciplines, To Cope Better With The Complexity Of The Modern Economy. To Be Effective, He Argues, Economics Much Concern Itself With Empirical Matters And Take Into Account The Complex Nature Of Human Beings And The Context Of The Institutional, Social, And Historical Factors At Play. annotation © Book News, Inc., Portland, Or charles Kindleberger economics For The Twenty-first Century Is An Eloquent Call For Moving Beyond Self-interest Based On Markets And Producing Equilibrium To A More Complex Analysis. This Would Include Sociology With Cultural Differences And Regard For Others, Government That Included Not Only Bureaucrats (also Found In Corporations), But People Devoted To The Public Interest, Geography Explaining How The Tropics And Especially Sub-sahara Africa Suffer From Lack Of Winter With Its Creative Destruction Of Disease-bearing Parasites, And Much More. Kamarck Brings To The Analysis Experience In World War Ii, The Marshall Plan, World Bank (twenty-eight Years), The Harvard Institute For International Development, And Wide Scholarship. It Is Strongly Recommended For Those Who Think Economics Is A Science Like Physics, The Outcomes Of Which Are Predictable. \"Isaiah Berlin, in his famous essay, identified the chasm that exists between those thinkers or 'hedgehogs', who relate everything to a single system, and 'foxes' who see the world as too complex to be captured by any single universal absolute. The emphasis in twentieth-century economics on technical virtuosity in manipulating mathematics tended to turn students into such 'hedgehogs'. To be effective, economics must take into consideration the complexity of human beings and the contextual, institutional, social and historical...
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