Bounded Rationality and the Emergence of
... consistency view in economics was further entrenched by the axiomatization of economic theory. Apart from these developments, two other developments that are usually mentioned in discussing rationality in modern economics, namely, game theory and rational expectations. Formal treatments of game the ...
... consistency view in economics was further entrenched by the axiomatization of economic theory. Apart from these developments, two other developments that are usually mentioned in discussing rationality in modern economics, namely, game theory and rational expectations. Formal treatments of game the ...
From Political Economy to Economics
... were to provide a relatively full picture of the newly identified subject matter. This book then uncovers the way in which the social and the historical, but also the methodological, have shifted in presence and content within economic theory during the passage from classical political economy to gen ...
... were to provide a relatively full picture of the newly identified subject matter. This book then uncovers the way in which the social and the historical, but also the methodological, have shifted in presence and content within economic theory during the passage from classical political economy to gen ...
PDF
... amount of land. In 1865, Jevons (1865/1977) wondered how Britain’s ever-increasing energy consumption could be sustained from finite supplies of coal. In 1952, the President’s Materials Policy Commission (1952) was concerned about the sustainability of the American economy’s postwar growth, given it ...
... amount of land. In 1865, Jevons (1865/1977) wondered how Britain’s ever-increasing energy consumption could be sustained from finite supplies of coal. In 1952, the President’s Materials Policy Commission (1952) was concerned about the sustainability of the American economy’s postwar growth, given it ...
The Economics of Sustainability: A Review of Journal Articles
... amount of land. In 1865, Jevons (1865/1977) wondered how Britain’s ever-increasing energy consumption could be sustained from finite supplies of coal. In 1952, the President’s Materials Policy Commission (1952) was concerned about the sustainability of the American economy’s postwar growth, given it ...
... amount of land. In 1865, Jevons (1865/1977) wondered how Britain’s ever-increasing energy consumption could be sustained from finite supplies of coal. In 1952, the President’s Materials Policy Commission (1952) was concerned about the sustainability of the American economy’s postwar growth, given it ...
Prof. Dr. Mükerrem Hiç Dr. Özlen Hiç
... argued but long lived (Branson 1989). Friedman's AEH had led to a family of Short Run Phillips Curves (PCs) and a perpendicular Long Run Phillips Curve (LRPC) at the NRU, implying that the economy would always come to equilibrium at NRU due to AEH. Keynesians also accepted the presence of a family o ...
... argued but long lived (Branson 1989). Friedman's AEH had led to a family of Short Run Phillips Curves (PCs) and a perpendicular Long Run Phillips Curve (LRPC) at the NRU, implying that the economy would always come to equilibrium at NRU due to AEH. Keynesians also accepted the presence of a family o ...
1 CCER Working Paper Series Not for circulation or quotation
... already done. Picard’s search to articulate her method is an instance of reflective practice with the aim of reflexivity. Her method began to come together theoretically when Kenneth Melchin, a Lonergan scholar, theologian and ethicist at St. Paul University saw what Picard was doing when she media ...
... already done. Picard’s search to articulate her method is an instance of reflective practice with the aim of reflexivity. Her method began to come together theoretically when Kenneth Melchin, a Lonergan scholar, theologian and ethicist at St. Paul University saw what Picard was doing when she media ...
The Evaluation of Post-Keynesian Economics
... working with P and W rigidities; all leading to lack of AD, hence to Keynesian UN at least in the SR if not in the LR (Mankiw and Romer, 1995a, 1995b). Many of these models or causes of P and W rigidities would produce Keynesian unemployment only in the SR and even then the effect would not be stron ...
... working with P and W rigidities; all leading to lack of AD, hence to Keynesian UN at least in the SR if not in the LR (Mankiw and Romer, 1995a, 1995b). Many of these models or causes of P and W rigidities would produce Keynesian unemployment only in the SR and even then the effect would not be stron ...
full paper
... closely, it appears that he does not always take a negative view of ideology. In fact, he has argued for the legitimacy and necessity of ideology. Related to these issues is his position that “economics is not and should not be value-free.”1 This evidence from Heilbroner’s work stands in stark contr ...
... closely, it appears that he does not always take a negative view of ideology. In fact, he has argued for the legitimacy and necessity of ideology. Related to these issues is his position that “economics is not and should not be value-free.”1 This evidence from Heilbroner’s work stands in stark contr ...
On the escalation and de-escalation of conflict
... extensions of the conflict game on the dynamics of conflict and peace. As Garfunkel and Skaperdas (2007) conclude in their survey: “Very little is known about how to reduce, let alone eliminate, conflict.” One obvious reason is that, typically, an unambiguously peaceful outcome does not exist. This ...
... extensions of the conflict game on the dynamics of conflict and peace. As Garfunkel and Skaperdas (2007) conclude in their survey: “Very little is known about how to reduce, let alone eliminate, conflict.” One obvious reason is that, typically, an unambiguously peaceful outcome does not exist. This ...
Mises, Kant, and the Methodology of Economic Science
... Mises leveled another criticism at the logical positivists who championed methodological monism in the sciences. ...
... Mises leveled another criticism at the logical positivists who championed methodological monism in the sciences. ...
Economics Rules
... upheavals of the last years of the Gold Standard and of the Great Depression. They agreed that achieving this goal required fixed, but occasionally adjustable, exchange rates; liberalization of international trade but not capital flows; enlarged scope for national monetary and fiscal policies; and e ...
... upheavals of the last years of the Gold Standard and of the Great Depression. They agreed that achieving this goal required fixed, but occasionally adjustable, exchange rates; liberalization of international trade but not capital flows; enlarged scope for national monetary and fiscal policies; and e ...
Science Journals — AAAS
... flict for closely connected states. Following our main results, we perform a mediation analysis to weigh these two possibilities. Our application has an important difference from previous studies on the role of network connection: International conflict requires the states involved to be able to eng ...
... flict for closely connected states. Following our main results, we perform a mediation analysis to weigh these two possibilities. Our application has an important difference from previous studies on the role of network connection: International conflict requires the states involved to be able to eng ...
Paper Title (use style: paper title)
... macroeconomics. The New Keynesian economists, in turn, accepted Keynesian macroeconomics and its conclusion UNE (NANRUE) and discarded the traditional microeconomic theory based on perfect competition, full flexibility of Ps and Ws, and perfect coordination between markets or the presence of the Wal ...
... macroeconomics. The New Keynesian economists, in turn, accepted Keynesian macroeconomics and its conclusion UNE (NANRUE) and discarded the traditional microeconomic theory based on perfect competition, full flexibility of Ps and Ws, and perfect coordination between markets or the presence of the Wal ...
jeremy bentham and gary becker: utilitarianism and economic
... emphasizing the method used rather than the object of study. ...
... emphasizing the method used rather than the object of study. ...
real-world economics review
... The crisis of 2007/08 has generated many anomalies for conventional economic theory, not the least that it happened in the first place. Though mainstream economic thought has many channels, the common belief before this crisis was that either crises cannot occur (Edward C. Prescott, 1999), or that t ...
... The crisis of 2007/08 has generated many anomalies for conventional economic theory, not the least that it happened in the first place. Though mainstream economic thought has many channels, the common belief before this crisis was that either crises cannot occur (Edward C. Prescott, 1999), or that t ...
and print the entire Autumn 2010 Issue
... Amariglio, in one of the very few pieces on Foucault in the economics literature, offers a general introduction to Foucault for economists, drawing upon both his early and later studies (Amariglio 1988). A recent article by Steiner, moreover, uses Foucault’s lecture courses at the Collège de France ...
... Amariglio, in one of the very few pieces on Foucault in the economics literature, offers a general introduction to Foucault for economists, drawing upon both his early and later studies (Amariglio 1988). A recent article by Steiner, moreover, uses Foucault’s lecture courses at the Collège de France ...
On the units of geographical economics
... firms. These three units need not be aspatial, but traditional economics has always viewed them as such. Space, on the extremely rare occasions when it was addressed by economists, was incidental. Geographical economics claims to want to look at space, but it does so with the same units that economis ...
... firms. These three units need not be aspatial, but traditional economics has always viewed them as such. Space, on the extremely rare occasions when it was addressed by economists, was incidental. Geographical economics claims to want to look at space, but it does so with the same units that economis ...
Break Even - Fast Easy Accounting
... 2. Try to reduce variable costs (the price it pays for the tables by finding a new supplier) 3. Increase the selling price of their tables. Any of these would reduce the break-even point. In other words, the business would not need to sell so many tables to make sure it could pay its fixed costs. ...
... 2. Try to reduce variable costs (the price it pays for the tables by finding a new supplier) 3. Increase the selling price of their tables. Any of these would reduce the break-even point. In other words, the business would not need to sell so many tables to make sure it could pay its fixed costs. ...
Schumpeter and the Evolutionary Economics: Three Conceptual
... Since Charles Darwin‟s Origin of the Species, published in 1859, the notion of evolution stands at the center of heated controversies, both in natural and social sciences, economics being no exception. This is quite natural because Darwinism suggests an overall evolutionary approach, a full-blown sc ...
... Since Charles Darwin‟s Origin of the Species, published in 1859, the notion of evolution stands at the center of heated controversies, both in natural and social sciences, economics being no exception. This is quite natural because Darwinism suggests an overall evolutionary approach, a full-blown sc ...
Rational-Choice Hermeneutics
... between the notions of “conception” and “understanding” (Mises 1930). By “conception,” Mises referred to the “cognition of universals and categories” (Mises 1963, 51) that could be used to engage in scientific discussion based on reason rather than intuition. Apprehending universal regularities and ...
... between the notions of “conception” and “understanding” (Mises 1930). By “conception,” Mises referred to the “cognition of universals and categories” (Mises 1963, 51) that could be used to engage in scientific discussion based on reason rather than intuition. Apprehending universal regularities and ...
bachelor of arts in economics
... of economists in the eighteenth and nineteenth centuries. They developed theories about the way markets and market economies work. The study was primarily concerned with the dynamics of economic growth. It stressed economic freedom and promoted ideas such as laissez-faire and free competition. Econo ...
... of economists in the eighteenth and nineteenth centuries. They developed theories about the way markets and market economies work. The study was primarily concerned with the dynamics of economic growth. It stressed economic freedom and promoted ideas such as laissez-faire and free competition. Econo ...
Applied Mainline Economics - FA Hayek Program
... Simple regression analysis. Economists have a handy tool that allows them to account for the influence of other factors. Known as “multivariable regression analysis,” this technique theoretically allows us to measure, say, the effect of international aid on per capita GDP, controlling for other fac ...
... Simple regression analysis. Economists have a handy tool that allows them to account for the influence of other factors. Known as “multivariable regression analysis,” this technique theoretically allows us to measure, say, the effect of international aid on per capita GDP, controlling for other fac ...
wp 51.indd - Technology Governance
... dominated Germany, and in fact Continental Europe and much of the world, between the late middle of the 19th Century and the early 20th and that is at the basis both of the Social Market Economy and of much of the modern Welfare State, is particularly interesting once we realize that this is a parti ...
... dominated Germany, and in fact Continental Europe and much of the world, between the late middle of the 19th Century and the early 20th and that is at the basis both of the Social Market Economy and of much of the modern Welfare State, is particularly interesting once we realize that this is a parti ...
2010 by Prof. T. J. Agiobenebo
... After all, capitalist market economy can be traced back to the Caliphate where the first market economy and earliest forms of merchant capitalism took root between the 8th-12th centuries (see http://en.wikipedia.org/wiki/Ancient_economic_thought). ...
... After all, capitalist market economy can be traced back to the Caliphate where the first market economy and earliest forms of merchant capitalism took root between the 8th-12th centuries (see http://en.wikipedia.org/wiki/Ancient_economic_thought). ...