The starting point of this book is that economics is an applied science: a tool to understand the real-world economy and a guide for economic policy. The book argues that the point of departure for economic theory should be the real world with realistic assumptions being made.
The starting point of this book is that economics is an applied science: a tool to understand the real-world economy and a guide for economic policy. The book argues that the point of departure for economic theory should be the real world with realistic assumptions being made.