Real-world economics

Short description: Heterodox economic field

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Real-world economics is a school of economics that uses an inductive method to understand economic processes. It approaches economics without making a priori assumptions about how ideal markets work, in contrast to what Nobel Prize-winning economist, Ronald Coase, referred to as "blackboard economics" and its deductive method.[1]

## See also

* Post-autistic economics
* Heterodox economics
* Complexity economics
* Pluralism in economics
* Humanistic economics
* Real-World Economics Review
* Historical school of economics

## References

1. ↑ Coase, R. H. (1987). The Firm, the Market, and the Law. University of Chicago Press. p. 19.

* Fullbrook, Edward, ed (2007). Real World Economics: A Post-Autistic Economics Reader. Anthem Press. ISBN 9781843312369. https://archive.org/details/realworldeconomi0000unse.
* What Every Economics Student Needs to Know and Doesn't Get in the Usual Principles Text. Routledge. 2014. p. 7. ISBN 978-0765639233. https://www.worldeconomicsassociation.org/newsletterarticles/book-review-komlos/.
* Foundations of Real-World Economics, Abingdon-on-Thames. Routledge. 2019. p. 192.

## External links

* Real-World Economics Review
* Examples of real-world economics concepts from the American Economic Association
* Real-world economics explained at The Economics Network
* Foundations of Real-World Economics at Harvard Summer School

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Schools of economic thought

Pre-modern|

* Ancient schools
* Medieval Islamic
* Scholasticism

Early modern|

* Cameralism
* Mercantilism
* Physiocrats
* School of Salamanca

Modern|

* American (National)
* Anarchist
* Mutualism
* Austrian
* Birmingham
* Classical
* Ricardian
* English historical
* French Liberal
* Georgism
* German historical
* Malthusian
* Marginalism
* Marxian
* Neoclassical
* Lausanne
* Socialist

20th and
21st century|

* Behavioral
* Buddhist
* Capability approach
* Carnegie
* Chartalism
* Modern Monetary Theory
* Chicago
* Constitutional
* Disequilibrium
* Ecological
* Evolutionary
* Feminist
* Freiburg
* Institutional
* Keynesian
* Neo- (neoclassical–Keynesian synthesis)
* New
* Post-
* Circuitism
* Monetarism (Market)
* Neo-Malthusian
* Neo-Marxian
* Neo-Ricardian
* New classical
* Rational expectations theory
* Real business-cycle theory
* New institutional
* New neoclassical synthesis
* Organizational
* Public choice
* Regulation
* Saltwater/freshwater
* Stockholm
* Structuralist
* Supply-side
* Thermoeconomics
* Virginia
* Social credit

Related|

* History of economic thought
* History of macroeconomic thought
* Economics
* Political economy
* Mainstream economics
* Heterodox economics
* Post-autistic economics
* Degrowth
* World-systems theory
* Economic systems

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