Description
Daya Publishing House Understanding Quantitative Economics by Rathindra P Sen
Quantitative Economics is based on deduction, but not on deduction alone; it is also founded on quantification via statistics. Since the 1970s, there is an indefinable but deepening sense of a profound change discernible in the economic domain. Currently economists throughout the world have been paying increasing attention to economics of dis-equilibrium (long after the tradition of Walrasian equilibrium analysis). This influx of dis-equilibrium may occur in the various fields of both micro and macro economic studies, namely, employment, inflation, market behaviour, taxation etc. The analysis of all those behaviours of the aforesaid field of economics, quantitatively has revealed the economic science as more significant. As such, quantitative economics is inseparable from the present-day economics. The purpose of this book, like any other, is to elaborate the trends of quantitativeeconomics in the modern times. Composed of national income analysis, social accounting, input-output analysis, linear programming, game theory, inequality, unemployment, position of poverty and public policy, quantitative economics is a sine qua non of modern economics. When the reader would come to the end of this book, he or she would conclude that a considerable amount of ideas has been added to his or her impressions of the world in which we live.'