The Basic Assumptions of Previous Economics

Daniel Weißbrodt ()

Chapter Chapter 2 in Economics as an Empirical Social Science, 2024, pp 11-32 from Springer

Abstract: Abstract The economy, when studying the textbooks of economics, seems inevitably and unavoidably to be a fluctuating, hovering, and trembling tightrope walk at great heights, and every smallest misstep, every wrong decision, every breath of air can lead to the collapse of the fragile balance and to a crash. Samuelson & Nordhaus, for example, describe the economy entirely without irony asBontrup notes:and Stiglitz & Walsh state:The crisis and the fear of the crisis, the constant attempts to foresee and avoid it, to mitigate its consequences and to overcome it, seem almost like a natural law to be the permanent companions of all economic events.

Date: 2024
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DOI: 10.1007/978-3-658-45123-3_2

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