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Soulful Science What Economic Really Do and Why It Matters: What Economists Really Do and Why It Matters
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Soulful Science What Economic Really Do and Why It Matters: What Economists Really Do and Why It Matters
By
Diane Coyle
To many, Thomas Carlyle's put-down of economics as "the dismal science" is as fitting now as it was 150 years ago. But Diane Coyle argues that economics today is more soulful than dismal, a more practical and human science than ever before. Building on the popularity of books such as "Freakonomics" that have applied economic thinking to the paradoxes of everyday life, "The Soulful Science" describes the remarkable creative renaissance in how economics is addressing the most fundamental questions - and how it is starting to help solve problems such as poverty and global warming. A lively and entertaining tour of the most exciting new economic thinking about big-picture problems, "The Soulful Science" uncovers the hidden humanization of economics over the past two decades.Coyle shows how better data, increased computing power, and techniques such as game theory have transformed economic theory and practice in recent years, enabling economists to make huge strides in understanding real human behavior.
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