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Romantic Economist

Romantic Economist - 09 edition

ISBN13: 978-0521735155

Cover of Romantic Economist 09 (ISBN 978-0521735155)
ISBN13: 978-0521735155
ISBN10: 0521735157
Cover type: Paperback
Edition/Copyright: 09
Publisher: Cambridge University Press
Published: 2009
International: No

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Romantic Economist - 09 edition

ISBN13: 978-0521735155

Richard Bronk

ISBN13: 978-0521735155
ISBN10: 0521735157
Cover type: Paperback
Edition/Copyright: 09
Publisher: Cambridge University Press

Published: 2009
International: No
Summary

Since economies are dynamic processes driven by creativity, social norms, and emotions as well as rational calculation, why do economists largely study them using static equilibrium models and narrow rationalistic assumptions? Economic activity is as much a function of imagination and social sentiments as of the rational optimisation of given preferences and goods. Richard Bronk argues that economists can best model and explain these creative and social aspects of markets by using new structuring assumptions and metaphors derived from the poetry and philosophy of the Romantics. By bridging the divide between literature and science, and between Romanticism and narrow forms of Rationalism, economists can access grounding assumptions, models, and research methods suitable for comprehending the creativity and social dimensions of economic activity. This is a guide to how economists and other social scientists can broaden their analytical repertoire to encompass the vital role of sentiments, language, and imagination.

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