MARC record from Internet Archive

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035 $a(OCoLC)58675522
040 $aMYG$cMYG
090 $aHB31.M415 no.02-24
100 1 $aBanerjee, Abhijit V.
245 14 $aThe uses of economic theory :$bagainst a purely positive interpretation of theoretical results /$cAbhijit Banerjee.
260 $aCambridge, MA :$bMassachusetts Institute of Technology, Dept. of Economics,$c[2002]
300 $a27 p. ;$c28 cm.
490 1 $aWorking paper series / Massachusetts Institute of Technology, Dept. of Economics ;$vworking paper 02-24
500 $a"May 30, 2002."
504 $aIncludes bibliographical references (p. 23-27).
520 3 $aEconomists are excessively influenced by the so-called positive economics view, which says that economists should only describe and not prescribe. Here I argue that this view is flawed because it makes unreasonably strong assumptions about what players (the agents taking economic decisions) know and understand. I then use the example of micro-credit to show how this bias towards positive economics has distorted the policy debate. Keywords: Positivist Methodology, Mechanism Design, Micro-credit. JEL Classifications: B4, D8, O2.
530 $aAbstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
710 2 $aMassachusetts Institute of Technology.$bDept. of Economics.
830 0 $aWorking paper (Massachusetts Institute of Technology. Dept. of Economics) ;$vno. 02-24.
856 41 $uhttp://ssrn.com/abstract=315942$zTo download paper, go to the bottom of the abstract page and choose a download option.
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