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paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper … solution of these problems and the development of the economic theory. A radically new approach has been proposed. It considers …
Persistent link: https://www.econbiz.de/10005560978
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
Arrangements (agreements, contracts, projects, etc.) are widespread economic events and are the fundamental concept of the economic theory. Infringements (breaches, modifications, changes, etc.) of arrangements are common and have a significant importance for the economic theory. For many years...
Persistent link: https://www.econbiz.de/10005125490
A revolution in economics. Is it possible? Is its concept a transition from ideal to real economics? The way to the transition may be a new aspect of uncertainty. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy...
Persistent link: https://www.econbiz.de/10005126070
This paper explores what a critical commentary on micro principles texts might look like, examining what is to be critiqued and how to do it.
Persistent link: https://www.econbiz.de/10005555984
The ability to see past and present simultaneously must be of prime importance in any development scenario. This speaks … to the essence of the Janus Development Strategy, whose philosophy is outlined below. .......................Janus was … development. …
Persistent link: https://www.econbiz.de/10005555996
Ever since Adam Smith, share contracts have been condemned for their lack of incentives. Sharecropping tenants face incentives to undersupply productive inputs since they receive only a fraction of the marginal revenue. The empirical literature reports that lands under sharecropping are less...
Persistent link: https://www.econbiz.de/10005556067
sustainable development. Looming environmental crises have served as a prime motivating force for reevaluating fundamental … begun to reshape economics. The broadest conception of sustainability is found if we understand sustainable development to … mean Socially And Environmentally Just And Sustainable development - "SAEJAS development". Throughout the paper we will see …
Persistent link: https://www.econbiz.de/10005556099
cadres of less development into the levels of welfare prevailing in Western industrialized countries. …
Persistent link: https://www.econbiz.de/10005556527
The traditional view in economics is that individuals respond to incentives, but absent strong incentives to the contrary selfishness prevails. Moreover, this “greed is good” approach is deemed “rational” behavior. Nevertheless, in daily interactions and in numerous laboratory studies, a...
Persistent link: https://www.econbiz.de/10005556689