How Long to Read The Craft of Economics

How Long Does it Take to Read The Craft of Economics?

It takes the average reader 3 hours and 32 minutes to read The Craft of Economics by Edward E. Leamer

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

Description

A review of the Heckscher–Ohlin framework prompts a noted economist to consider the methodology of economics. In this spirited and provocative book, Edward Leamer turns an examination of the Heckscher–Ohlin framework for global competition into an opportunity to consider the craft of economics: what economists do, what they should do, and what they shouldn't do. Claiming “a lifetime relationship with Heckscher–Ohlin,” Leamer argues that Bertil Ohlin's original idea offered something useful though vague and not necessarily valid; the economists who later translated his ideas into mathematical theorems offered something precise and valid but not necessarily useful. He argues further that the best economists keep formal and informal thinking in balance. An Ohlinesque mostly prose style can let in faulty thinking and fuzzy communication; a mostly math style allows misplaced emphasis and opaque communication. Leamer writes that today's model- and math-driven economics needs more prose and less math. Leamer shows that the Heckscher–Ohlin framework is still useful, and that there is still much work to be done with it. But he issues a caveat about economists: “What we do is not science, it's fiction and journalism.” Economic theory, he writes, is fiction (stories, loosely connected to the facts); data analysis is journalism (facts, loosely connected to the stories). Rather than titling the two sections of his book Theory and Evidence, he calls them Economic Fiction and Econometric Journalism, explaining, “If you find that startling, that's good. I am trying to keep you awake.”

How long is The Craft of Economics?

The Craft of Economics by Edward E. Leamer is 207 pages long, and a total of 53,199 words.

This makes it 70% the length of the average book. It also has 65% more words than the average book.

How Long Does it Take to Read The Craft of Economics Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 50 minutes to read The Craft of Economics aloud.

What Reading Level is The Craft of Economics?

The Craft of Economics is suitable for students ages 12 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 The Craft of Economics?

The Craft of Economics by Edward E. Leamer 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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