Don’t blame the economists. It is an inverse problem

Bibliographic Data

ID13058684
AuthorsJaime Gómez‐Ramírez (0000-0002-9440-7711, Universidad Politécnica de Madrid, corresponding author)
Year2013
Volume1
Issue1
Publication date2013-08-03
Open AccessYes
TypeARTICLE
VenueEuropean Journal of Futures Research (JOURNAL)
Journal identifiersISSN: 2195-2248 • E-ISSN: 2195-4194
PublisherSpringer Nature (PUBLISHER • SG)
DOI10.1007/s40309-013-0013-6
OpenAlexW1491958874
LanguageEN
References cited28

The seriousness of the current crisis urgently demands new economic thinking that breaks the austerity vs. deficit spending circle in economic policy. The core tenet of the paper is that the most important problems that natural and social science are facing today are inverse problems, and that a new approach that goes beyond optimization is necessary. The approach presented here is radical in the sense that it identifies the roots in key assumptions in economic theory such as optimal behavior and stability to provide an inverse thinking perspective to economic modeling, of use in economic and financial stability policy. The inverse problem provides a truly multidisciplinary platform where related problems from different disciplines can be studied under a common approach with comparable results

Austerity · Blame · Economic problem · Economics · Epistemology · Microeconomics · Multidisciplinary approach · Perspective (graphical · Political science · Positive economics · Seriousness · Social science · Sociology · Stability (learning theory · Complex Systems and Time Series Analysis · Computer Science · Economic theories and models · Economic Theory and Institutions · Mathematics · Philosophy · Psychology

Tools

Open DOISci-HubOpen Access