Book Review: Economics versus the real world

Authored by Ashok Sanjay Guha

Economics Without Tears: A New Approach to an Old Discipline Ashok Sanjay Guha Penguin 242 pages  Rs 299 For too long, economics has been thought of as the preserve of a tiny minority, one that can make sense of its bewilderingly complex possibilities. The subject starts off simply enough, with most everyone who goes to school aware of the delectably graspable demand-supply curve; but the more the real world intrudes, the more adherents the subject loses.  Economics also suffers from that unique conundrum: In which bucket should the discipline be ...

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Book Review: Economics versus the real world