Rethinking economics: Economics as a toolkit

Stuart Birks ()
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Stuart Birks: University of the West of England, Bristol and Massey University, New Zealand

Working Papers from Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol

Abstract: By emphasising implicit framing, conventions and rhetoric, it can be argued that economic theories, models and concepts represent analogies. These cannot be directly applied, but may give some insights into the real world if used with care. This approach allows us to identify limitations to techniques and raises additional questions that can increase the relevance of our findings. The introductory section of this paper outlines the key concepts and framework used. Section two illustrates the approach by taking as an example the production of economics research. Section three then gives examples first of limitations in the application of economics, and second in concepts which can be useful in highlighting real world issues.

Date: 2012-01-15
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