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Economics does not need a scientific revolution. Economics needs accurate measurements according to high standards of …
Persistent link: https://www.econbiz.de/10005835676
This paper focuses on induction, because the supposed weaknesses of that process are the main reason for favouring falsificationism, which plays an important part in scientific methodology generally; the paper is part of a wider study of economic methodology. The standard objections to, and...
Persistent link: https://www.econbiz.de/10005836295
Interest in thermodynamic analogies in economics is older than the idea of von Neumann to look for market entropy in … further and use a standard strategy from trading theory to pinpoint why thermodynamic analogies necessarily fail to describe …
Persistent link: https://www.econbiz.de/10005836640
Mathematics has been extremely effective in physics, but not in economics beyond finance. To establish economics as …
Persistent link: https://www.econbiz.de/10005836648
economics operate with its overall accepted concepts such as: capital, labour force, offer, demand, money, unemployment, market … – but has to be understood as a whole in order to control its transformation, as the entropy or the bio structural theory … have proved. We need an appropriate apparatus, suitable insights to handle the nearly future: to rewrite the economics. As …
Persistent link: https://www.econbiz.de/10005836757
This article outlines work in progress on a study of technological choice in the context of North-South development. Its main purpose is to describe the methodology being developed in the pilot phase of the study. This is of interest because it links together a number of analytic...
Persistent link: https://www.econbiz.de/10005837262
The notion of ‘sustainable development’ was introduced on the political agenda by the World Commission on Environment and Development through its report (WCED, 1987), also called the Brundtland Report. Since the publication of the Brundtland Report the notion of sustainability has been used...
Persistent link: https://www.econbiz.de/10005837432
Coase Theorem, as postulated by Nobel Laureate Ronald Coase (1991), is one of the simplest yet profound ideas in economics …
Persistent link: https://www.econbiz.de/10011212222
address issues of theory and practice in the areas mentioned above. The Journal is a training means of the factors involved in …
Persistent link: https://www.econbiz.de/10011258008
The measurement of economies no longer by GDP alone, but by an Index that includes other important factors as well, a Social factors relativized GDP. Social factors relativized GDP: GDP – GDP x GINI = K_Index Written differently: (1 – GINI) x GDP = K_Index Inflation indexed Version: (1 –...
Persistent link: https://www.econbiz.de/10011258559