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This paper brings together two strands of the economic literature -- that on the finance-growth nexus and that on capital market integration -- and explores key issues surrounding each strand through both institutional/country histories and formal quantitative analysis. We begin with studies of...
Persistent link: https://www.econbiz.de/10013210573
This paper brings together two strands of the economic literature -- that on the finance-growth nexus and that on capital market integration -- and explores key issues surrounding each strand through both institutional/country histories and formal quantitative analysis. We begin with studies of...
Persistent link: https://www.econbiz.de/10012470401
Persistent link: https://www.econbiz.de/10011862409
happened to political economy ever since, and how far economics has diverged from Robbins' agenda. Our main claim is that these … topics appeared on the second edition of the Essay because Robbins saw them as fundamental if economics (as a science) were … to mimic the methods of the natural sciences by preserving the human element that makes economics a social science …
Persistent link: https://www.econbiz.de/10012917194
Persistent link: https://www.econbiz.de/10010462198
Persistent link: https://www.econbiz.de/10003650466
–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … allow markets to operate more freely, i.e. to bring the real world closer to the idealized theoretical model. This paper …
Persistent link: https://www.econbiz.de/10008651698
For the past two decades, economics has developed into a science in which just one methodology and one theory have …
Persistent link: https://www.econbiz.de/10013139375
in nature. Moreover, while drawing on the history of economics and the history of physics, I argue that the history of a … the history of economics and economic history. I distinguish my approach from two closely related positions that emphasize … learning from the past for scientific purposes. In my conclusion, I argue that that if economics departments continue to …
Persistent link: https://www.econbiz.de/10012733284
the World," is an idiosyncratic stocktaking of the trajectory of economics from Adam Smith to contemporary times, with … special attention to the rise of development economics. Given the challenges faced by the global economy in recent times, and … especially since 2008, it is time for a serious evaluation of economics for policy making. The paper comments on some potential …
Persistent link: https://www.econbiz.de/10012967913