The Romantic Economist: Imagination in Economics

The Romantic Economist: Imagination in Economics by Richard Bronk

ISBN10: 0521513847
ISBN13: 978-0521513845
Author: Richard Bronk
Title: The Romantic Economist: Imagination in Economics
Publisher: Cambridge University Press; 1 edition (February 9, 2009)
Language: English
Size ePub: 1427 kb
Size PDF: 1603 kb
Rating: 4.4/5
Votes: 366
Pages:
Subcategory: Economics

The Romantic Economist: Imagination in Economics by Richard Bronk



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. In this book, 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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