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Standing on the shoulders of giants or science? : lessons from ordoliberalism

Feld, Lars P.; Köhler, Ekkehard A. - 2023

James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...

Persistent link: https://www.econbiz.de/10014251970

On self-interest and greed

Kirchgässner, Gebhard - 2014

First the assumption of self-interest as applied in Economics is presented. Here we also discuss areas in which (many) people behave less self- but more other-regarding than traditional economic models assume. Then, greedy behaviour is considered as existing in the political and economic...

Persistent link: https://www.econbiz.de/10010375177

Stock market cycles and supply side dynamics : two worlds, one vision?

De Grauwe, Paul; Gerba, Eddie - 2015

The paper compares two state-of-art but very dinstinct methods used in macroeconomics: rational-expectations DSGE and bounded rationality behavioural models. Both models are extended to include a financial friction on the supply side.The result in both models is that production, supply of credit...

Persistent link: https://www.econbiz.de/10011374197

Causal claims in economics

Garg, Prashant; Fetzer, Thiemo - 2024

We analyze over 44,000 economics working papers from 1980–2023 using a custom language model to construct knowledge graphs mapping economic concepts and their relationships, distinguishing between general claims and those supported by causal inference methods. The share of causal claims within...

Persistent link: https://www.econbiz.de/10015101909

On credibility and causality in economics : a critical appraisal

Bergh, Andreas; Wichardt, Philipp C. - 2024 - This version: July 9, 2024

Establishing causal relationships is a core aspect of empirical economics. Borrowing ideas from the medical sciences, we propose tentative guidelines for reliable causal inferences that cover aspects related to both the study itself and its fit with the existing background knowledge. Moreover,...

Persistent link: https://www.econbiz.de/10014632289

Public policy for start-up entrepreneurship with venture capital and bank finance

Keuschnigg, Christian; Nielsen, Søren Bo - 2003

the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture …

Persistent link: https://www.econbiz.de/10011514147

Ordoliberalism, pragmatism and the Eurozone crisis : how the German tradition shaped economic policy in Europe

Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015 - This version: May 18, 2015

German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...

Persistent link: https://www.econbiz.de/10010528303

Information technology in banking and entrepreneurship

Ahnert, Toni; Dörr, Sebastian; Pierri, Nicola; Timmer, … - 2024

We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model …. We present evidence consistent with banks’ IT adoption spurring entrepreneurship through a collateral channel …: entrepreneurship increases by more in IT-exposed counties when house prices rise. Further analysis suggests that IT improves banks …

Persistent link: https://www.econbiz.de/10015048384

Measuring social preferences in developing economies

Bartoš, Vojtěch; Leveley, Ian - 2023

For the past two decades, studies measuring social preferences in developing settings have played an important role in building our understanding of economic development and poverty. This book chapter reviews lab-in-the-field experiments that measure social preferences, summarizes categories of...

Persistent link: https://www.econbiz.de/10014426480

The application of the capability approach to high-income OECD countries : a preliminary survey

Volkert, Jürgen; Schneider, Friedrich - 2011

The goal of this paper is to provide a preliminary overview of empirical Capability Approach (CA) applications for high-income OECD countries. The survey aims at a basis of mutual exchange on relevant CA issues among researchers analyzing well-being in affluent countries. It focuses on CA...

Persistent link: https://www.econbiz.de/10009011367