Showing 1 - 10 of 254
This paper examines the history of the neoclassical theory of consumer demand from 1871 to 1971 by bringing into play the knowledge theory of the Marburg School, a Neo-Kantian philosophical movement. The work aims to show the usefulness of a Marburg-inspired epistemology in rationalizing the...
Persistent link: https://www.econbiz.de/10005076653
If each member of a group assigns a certain probability to a hypothesis, what probability should the collective as a whole assign? More generally, how should individual probability functions be merged into a single collective one? I investigate this question in case that the individual...
Persistent link: https://www.econbiz.de/10005412461
others in the local residential cluster - enters the household’s utility function positively but that income of more distant …
Persistent link: https://www.econbiz.de/10005118826
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation. Even the currencies of poor nations are galloping upward in...
Persistent link: https://www.econbiz.de/10005556940
ethical decisions of individuals. First, a recursive model of ethical decision making is developed in which an agent's utility … is assumed to be a function of money, ethical decisions, and happiness, where happiness is defined as the agent's utility …
Persistent link: https://www.econbiz.de/10005077055
utility function, which accounts for discrete time and for the effect of different levels of income in the utility of buying …
Persistent link: https://www.econbiz.de/10005413295
We apply Maslow’s hierarchy of needs to the concept of utility and then go on to a new model where individual …
Persistent link: https://www.econbiz.de/10005556518
Following a long-standing philosophical tradition, impartiality is a distinctive and determining feature of moral judgments, especially in matters of distributive justice. This broad ethical tradition was revived in welfare economics by Vickrey, and above all, Harsanyi, under the form of the...
Persistent link: https://www.econbiz.de/10005412494
The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this belief is unfounded. It contradicts macro’s claim that equality of demand and supply determines output. It contradicts (new) monetary theory, which claims that equality of demand...
Persistent link: https://www.econbiz.de/10005413280