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Response to a review of voting theory for democracy, in the light of the economic crisis and the role of mathematicians

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2011

welfare theory and since then mathematicians have been damaging democracy. My book Voting Theory for Democracy (VTFD) tries to …Economic theory needs a stronger defence against unwise application of mathematics. Mathematicians are trained for … pupils and students, in finance by neglecting real world risks that contribute to a world crisis, or in voting theory where …

Persistent link: https://www.econbiz.de/10009367967

Arrow’s Impossibility Theorem and the distinction between Voting and Deciding

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2011

Arrow’s Impossibility Theorem in social choice finds different interpretations. Bordes-Tideman (1991) and Tideman (2006) suggest that collective rationality would be an illusion and that practical voting procedures do not tend to require completeness or transitivity. Colignatus (1990 and 2011)...

Persistent link: https://www.econbiz.de/10009368469

Investissement, Contrôle de la corruption et Croissance économique dans la région MENA

Mtiraoui, Abderraouf - Volkswirtschaftliche Fakultät, … - 2015

This paper aims to study the interaction between the control of corruption, investment and economic growth in the MENA region. Our empirical essay attempts to clarify the direct and indirect control of corruption on economic growth through investment in the period 1984-2012 in the MENA region...

Persistent link: https://www.econbiz.de/10011266232

High Noon at the EU corral. An economic plan for Europe, September 2011

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2011

The 2007+ credit crunch and economic crisis put European governments in severe debt, with talk about a Greek partial default. It also put the European banks into a zombie condition, while under Basel III the capital requirement rises from 8% to 10.5% (which requirement does not cover public debt...

Persistent link: https://www.econbiz.de/10009294940

Conditions for turning the ex ante risk premium into an ex post redemption for EU government debt

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2011

Basel III classifies government debt as risk free while actual interest rates in the European Union (EU) show large differences not only because of liquidity but mainly because of the risk of default, as also reflected in credit default swaps. Curiously such debt defaults may not happen so that...

Persistent link: https://www.econbiz.de/10009372590

Consumer durables as investments that can help us out of the current economic crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2009

consumer durables are investments too, (4) to highlight how such durables fit into the macro-economic theory of slumps, (5) to …

Persistent link: https://www.econbiz.de/10005836404

Elegance with substance

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2009

possible in logic and voting theory, with consequences for civic discourse and democracy, where the inspiration for the … mathematics itself, on logic, voting theory, trigonometry and calculus. The latter two improvements directly originate from a … of economic theory helps to understand that the markets for education and ideas tend to be characterized by monopolistic …

Persistent link: https://www.econbiz.de/10004980386

A win-win measure out of the crisis: A graphical discussion of the tax void

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2009

A win-win measure that will contribute to getting us out of the crisis is the abolition of the tax void in OECD countries. The tax void is explained with graphics and it is shown how it can be eliminated for free. Adjustment costs will lie in understanding and adaptation of administrative...

Persistent link: https://www.econbiz.de/10005070466

The macro-economics of repressed stagflation. Part 2: The crisis of 2009+ and a reduction of the working week

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2009

-economic theory can come at ease with deflation as a temporary state that is logically implied by the notion of price stability. What …

Persistent link: https://www.econbiz.de/10005619928

The crisis and the raison d’être and prospect for the UK office for budget responsibility versus an economic supreme Court

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2011

small update of my 2005 book “Definition & Reality in the General Theory of Political Economy” (DRGTPE) with respect to the …

Persistent link: https://www.econbiz.de/10008784953