ECONOMICS AS ANATOMY

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ABOUT THE BOOK

There are two fundamentally different approaches to innovation: incremental and radical. In Economics as Anatomy, G.M. Peter Swann argues that economics as a discipline needs both perspectives in order to create the maximum beneficial effect for the economy.

Chapters explore how and why mainstream economics is very good at incremental innovation but seems uncomfortable with radical innovation. Swann argues that economics should follow the example of many other disciplines, transitioning from one field to a range of semi-autonomous sub-disciplines. In this book, he compares the missing link in empirical economics to being the economic equivalent of anatomy, the basis of medical discourse.

Working as a sequel to Swann’s Putting Econometrics in its Place, this book will be a vital resource to those who are discontent with the state of mainstream economics, especially those actively seeking to promote change in the discipline. Students wishing to see progress in the teaching of economics will also benefit from this timely book.

TABLE OF CONTENTS

Contents: Preface PART I RE-APPRAISAL 1. Introduction 2. How Good are Econometric Results? 3. Assumptions in Empirical Economics 4. Three Types of Rigour 5. Misinterpreting Kelvin’s Maxim 6. Myths about Case Studies 7. Discontent in the Academy 8. Wider Discontent PART II INNOVATION 9. Economics of Innovation 10. Incremental Innovation in Economics 11. Radical Innovation in Economics PART III THE FEDERATION 12. Why Emulate Medicine? 13. Economic Anatomy 14. Economic Physiology 15. Economic Pathology 16. Pathology in the Economics Discipline 17. Multidisciplinary Hybrids 18. Practitioner Hybrids 19. And Many Others … 209 20. Will the Federation Survive? References Index


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