Economics--Mathematical Politics or Science of Diminishing Returns?(English, Hardcover, Rosenberg Alexander)

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Economics--Mathematical Politics or Science of Diminishing Returns?(English, Hardcover, Rosenberg Alexander) is written by Rosenberg Alexander and published by The University of Chicago Press. It's available with International Standard Book Number or ISBN identification 0226727238 (ISBN 10) and 9780226727233 (ISBN 13).

Economics today cannot predict the likely outcome of specific events any better than it could in the time of Adam Smith. This is Alexander Rosenberg's controversial challenge to the scientific status of economics. Rosenberg explains that the defining characteristic of any science is predictive improvability--the capacity to create more precise forecasts by evaluating the success of earlier predictions--and he forcefully argues that because economics has not been able to increase its predictive power for over two centuries, it is not a science.