The Romantic Economist: Imagination in Economics

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.

Author: Richard Bronk
Publisher: Cambridge University Press
Published: 03/01/2009
Pages: 402
Binding Type: Paperback
Weight: 1.40lbs
Size: 8.96h x 6.48w x 0.72d
ISBN: 9780521735155

About the Author
Bronk, Richard: - Richard Bronk spent the first seventeen years of his career working in the City of London, where he gained a wide expertise in international economics, business, and politics. He is now a writer and part-time academic, and a Visiting Senior Fellow in the European Institute at the London School of Economics and Political Science. For longer list of reviews for The Romantic Economist and recent articles by Richard Bronk on the role of imagination in economics, see: https: //imaginationineconomics.com.

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