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The Austrian Theory of the Marginal Use And of Ordinal Marginal Utility
McCulloch, J. Huston - 1977
The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal …
Persistent link: https://www.econbiz.de/10012478959
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Some Notes on the Scientific Methods of Simon Kuznets
Fogel, Robert W. - 1987
on his approach to measurement and theory. The paper closes with the transcription of a brief autobiographical talk by …
Persistent link: https://www.econbiz.de/10012476606
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Economic Imperialism
Lazear, Edward P. - 1999
theory. Finally, a focus on efficiency leads economists to ask questions that other social sciences ignore. These ingredients …
Persistent link: https://www.econbiz.de/10012471484
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RBC Methodology and the Development of Aggregate Economic Theory
Prescott, Edward C. - 2016
This essay reviews the development of neoclassical growth theory, a unified theory of aggregate economic phenomena that … was first used to study business cycles and aggregate labor supply. Subsequently, the theory has been used to understand … methodology to address various quantitative questions come up with essentially the same answer--evidence that the theory has a …
Persistent link: https://www.econbiz.de/10012456255
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Capital Gains Taxation in an Economy with an "Austrian Sector"
Kovenock, Daniel J. - 1981
This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...
Persistent link: https://www.econbiz.de/10012478357
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The Economic Approach to Personality, Character and Virtue
Heckman, James J.; Galaty, Bridget; Tian, Haihan - National Bureau of Economic Research - 2023
This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...
Persistent link: https://www.econbiz.de/10014287358
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A Critical Assessment of the Role of Imperfect Competition in Macroeconomics
Carlton, Dennis W. - 1996
explaining short-run fluctuations in GNP. Theory and the empirical evidence suggest that the existence of intellectual property …
Persistent link: https://www.econbiz.de/10012473051
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Cliometrics and the Nobel
Goldin, Claudia - National Bureau of Economic Research - 1994
In October 1993, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert William Fogel and Douglass Cecil North `for having renewed research in economic history.' The Academy noted that `they were pioneers in the branch of economic history that has been called the...
Persistent link: https://www.econbiz.de/10012473961
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What is Productivity : Capacity or Welfare Management?
Hulten, Charles R. - 1992
A number of recent papers have examined the role of environmental variables in accounting for economic growth, and have concluded that net measures of national product are superior to gross measures in portraying the outcome of the growth process. This paper argues that the two measures are not...
Persistent link: https://www.econbiz.de/10012475012
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The Positive Economics of Methodology
Kahn, James A. - 1989
Does an observation constitute stronger evidence for a theory if it was made after rather than before the theory was … formulated, when it may have influenced the theory's construction? Philosophers have discussed this question (of "novel … and then constructs a theory) versus structural models with formal econometric tests (where a model is constructed before …
Persistent link: https://www.econbiz.de/10012475887