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Persistent link: https://www.econbiz.de/10010421471
finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the … Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the …
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Recent research has shown that the "spirit of capitalism"--a preference for wealth itself, in addition to consumption …--has important implications for growth and asset pricing. This paper explores how the spirit of capitalism affects saving and … consumption behavior. We demonstrate that the spirit of capitalism may reduce the importance of precautionary savings. It can also …
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This article discusses the development of 'heterodox' economics at universities in Germany since the 1970s. Based on Lakatos' concept of scientific research programmes (SRP), the article introduces a classification of economics in order to clarify the understanding of variety within economics,...
Persistent link: https://www.econbiz.de/10011543048
Heterodox feminist scholars have argued that global trade patterns reflect patterns of competitive advantage-rather than comparative advantage-and that that competitive advantage is gendered. Further, they have suggested that we need more theoretical and empirical scholarship in this area. This...
Persistent link: https://www.econbiz.de/10012021686
The renowned institutionalist Geoffrey Hodgson has claimed inter alia that heterodox economics has failed to define its nature and scope, does not take pluralism seriously, and lacks expertise concentration to ensure quality which means it has made limited progress and is held in variable...
Persistent link: https://www.econbiz.de/10012156265
Economics as a discipline is currently in disarray. In the aftermath of the global financial crisis, academic experts, students, commentators, practitioners and politicians all questioned the status of academic economics and many called for a 'new economic thinking'. Nearly a decade later,...
Persistent link: https://www.econbiz.de/10011799756
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