Showing 1 - 10 of 24
Robert Skidelsky, author of a key biography of Keynes, notes in this biography that Keynes’s relationship to modernism … uncover influences from modernism as as a socio-cultural movement on the content of Keynes’s economics. It should be realised … however that Keynes was not ‘influenced’ by modernists, he was a modernist in that his work displays central hallmarks of …
Persistent link: https://www.econbiz.de/10005418884
offer a potential solution. The literature building on Keynes’s theory of probability, in the meantime, has been refining …
Persistent link: https://www.econbiz.de/10005418886
Persistent link: https://www.econbiz.de/10005770742
Keynes's theory of probability has been studied intensively in the past few years with much discussion of its relevance … to modern economics. This paper examines Keynes's ideas in light of criticisms made by other authors and comes to the … conclusion that Keynes's views on rationality are critically flawed. However, it is asserted that this actually allows more …
Persistent link: https://www.econbiz.de/10004988539
The concept of bounded rationality has been at the forefront of a recent empiricist program in economics which under the heading of ‘behavioral economics ‘ seeks to broaden the rational choice paradigm in the direction of psychology, to the neglect of a similar broadening in the direction of...
Persistent link: https://www.econbiz.de/10005418889
The purpose of the paper is to explore the potential for applying fuzzy logic to economic decision-making under Keynesian uncertainty, and in particular to circumstances where variety of opinion is important. Fuzzy logic is shown to apply where expectations may differ because the nature of the...
Persistent link: https://www.econbiz.de/10005770736
level of methodology. The purpose of this paper is to explore these developments in the light of the methodological …
Persistent link: https://www.econbiz.de/10005770739
This paper arises from the Global Poverty Research Group, under which I have conducted fieldwork about land rental relationships in rural south India. The paper introduces strategies as a solution to the theorists' dilemma of choice vs. constraints with particular respect to rural tenants'...
Persistent link: https://www.econbiz.de/10004981441
Evolutionary economics is an increasingly influential but vaguely defined field of economic research. This article discusses different ways of defining evolutionary economics: at its object level, at the level of core concepts and, distinguishing between meaning determinist and meaning finitist...
Persistent link: https://www.econbiz.de/10005642085
Exploring knowledge in monetary policy process stands to benefit by departing from conceptualizing knowledge as an objective depiction of reality, a neutral language of science underpinning technocratic policy-making. This paper proposes a postpositivist perspective, approaching knowledge...
Persistent link: https://www.econbiz.de/10005418887