Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

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."

Trade theory --- Heckscher, Eli F. --- Ohlin, Bertil --- Heckscher-Ohlin, Théorème de --- Commerce international --- Économie politique --- Modèles économétriques --- Heckscher-Ohlin principle --- International trade --- -Economics --- AA / International- internationaal --- 330.00 --- 330.1 --- 330.3 --- 382.10 --- Economic theory --- Political economy --- Social sciences --- Economic man --- External trade --- Foreign commerce --- Foreign trade --- Global commerce --- Global trade --- Trade, International --- World trade --- Commerce --- International economic relations --- Non-traded goods --- Heckscher-Ohlin-Samuelson model --- Comparative advantage (International trade) --- Econometric models --- Economische en sociale theorieën: algemeenheden. --- Domein en natuur van de staathuishoudkunde. --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. --- Theorieën van internationale en interregionale handel: algemeenheden. Comparatieve voordelen. --- Heckscher-Ohlin principle. --- Economics. --- Econometric models. --- International trade -- Econometric models. --- Economics --- Business & Economics --- International Commerce --- E-books --- Economische en sociale theorieën: algemeenheden --- Domein en natuur van de staathuishoudkunde --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Theorieën van internationale en interregionale handel: algemeenheden. Comparatieve voordelen --- Heckscher-Ohlin, Théorème de. --- Économie politique. --- Modèles économétriques. --- ECONOMICS/General