How Long to Read Economic Theory for the Real World

How Long Does it Take to Read Economic Theory for the Real World?

It takes the average reader 3 hours and 3 minutes to read Economic Theory for the Real World by Victor A. Beker

Assuming a reading speed of 250 words per minute. Learn more

Description

After the Great Financial Crisis economic theory was fiercely criticized from both outside and inside the discipline for being incapable of explaining a crisis of such magnitude. Slowly but persistently, new strands of economic thought are developing, to replace the old-fashioned neoclassical economic theory, which have a common characteristic: they are better suited to help understand the real-world economy. This book explores the key tenets and applications of these. The book opens with an explanation of the ‘real world’ approach to economics in which theoretical models resemble real world situations, realistic assumptions are made, and factors such as uncertainty, coordination problems and bounded rationality are incorporated. Additionally, the book explores the ramifications of considering the economy as both a dynamic system – with a past, present and future – as well as a complex one. These theoretical precepts of the real world economy are then applied to some of the most pressing economic issues facing the world today including ecological sustainability, the rise of corporate power, the growing dominance of the financial world, and rising unemployment, poverty and inequality. In each case, the book reveals the insights of the shortcomings of the neoclassical approach which fails to illuminate the complexities behind each issue. It is demonstrated that, by contrast, adopting an approach grounded in the real world has the power to produce policy proposals to help tackle these problems. This book is essential reading for anyone seeking a deeper understanding of the economy, including readers from economics and across the social sciences.

How long is Economic Theory for the Real World?

Economic Theory for the Real World by Victor A. Beker is 178 pages long, and a total of 45,924 words.

This makes it 60% the length of the average book. It also has 56% more words than the average book.

How Long Does it Take to Read Economic Theory for the Real World Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 10 minutes to read Economic Theory for the Real World aloud.

What Reading Level is Economic Theory for the Real World?

Economic Theory for the Real World is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Economic Theory for the Real World?

Economic Theory for the Real World by Victor A. Beker is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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