IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/19689_1.html
   My bibliography  Save this book chapter

Puzzles and myths: a general overview

In: Controversies in Economics and Finance

Author

Listed:
  • .

Abstract

The puzzles of economics and finance predominantly take the form of empirical or conceptual anomalies that allegedly remain unresolved and present a challenge to economists. Empirical anomalies, hence puzzles, arise when the implication of a theory is inconsistent with observed economic data; that is, when empirical testing does not support the theory. Alternatively, a puzzle arises when an observed phenomenon cannot be explained. Myths arise because of dogmatic belief in some theories or propositions. Simple explanations are suggested for the Downs_Thompson paradox, the Tullock paradox, the Esterlin paradox, the Gibson paradox, the Giffen paradox, and others.

Suggested Citation

  • ., 2020. "Puzzles and myths: a general overview," Chapters, in: Controversies in Economics and Finance, chapter 1, pages 1-13, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19689_1
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781839105616/chapter01.xhtml
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brown, Austin L. & Sperling, Daniel & Austin, Bernadette & DeShazo, JR & Fulton, Lew & Lipman, Timothy & Murphy, Colin W & Saphores, Jean Daniel & Tal, Gil & Abrams, Carolyn & Chakraborty, Debapriya &, 2021. "Driving California’s Transportation Emissions to Zero," Institute of Transportation Studies, Working Paper Series qt3np3p2t0, Institute of Transportation Studies, UC Davis.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:19689_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.