Similar Search Results

Financial returns to collecting rare political economy books

Ursprung, Heinrich W. - 2021

Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...

Persistent link: https://www.econbiz.de/10012437910

Have macroeconomic models lost their connection with economic reality?

Veen, Tom van - 2020

Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw … the development of macroeconomic theory over the past 40 years. The focus is on the main lines of thinking and the story … changes in macroeconomic theory and that the current debates after the GFC will be the start of a more plural approach to …

Persistent link: https://www.econbiz.de/10012211109

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

Household models : an historical perspective

Apps, Patricia (contributor); Rees, Ray (contributor) - 2007

Persistent link: https://www.econbiz.de/10003624695

Please bring me the New York Times : on the European roots of richard Abel Musgrave

Sinn, Hans-Werner (contributor) - 2007

Persistent link: https://www.econbiz.de/10003499567

Academic exclusion : some experiences

Hillman, Arye L.; Ursprung, Heinrich W. - 2016

We describe and compare the experiences of academic exclusion of Alexander Del Mar, J.A. Hobson, and Gordon Tullock. While aspects of the circumstances differed, a common element was academic exclusion because of challenges to mainstream views. Alexander Del Mar, J.A. Hobson, and Gordon Tullock...

Persistent link: https://www.econbiz.de/10011481205

Another road to serfdom

Komlos, John - 2016

Friedrich Hayek's The Road to Serfdom is an influential book more than seventy years after its publication. This paper examines his arguments and finds that they come up short in many ways and suggests that we have taken "another road to serfdom". Hayek's mind was completely closed to the...

Persistent link: https://www.econbiz.de/10011497774

Central banking and crisis management from the perspective of Austrian business cycle theory

Schnabl, Gunther - 2016

The paper analyses the evolvement and effects of central bank crisis management since the mid 1980s based on a Hayek-Mises-Wicksell overinvestment framework. It is shown that, given that the traditional transmission mechanism between monetary policy and consumer price inflation has collapsed,...

Persistent link: https://www.econbiz.de/10011561161

Why trade when you can transfer the technology : revisiting smith and ricardo

Acharyya, Rajat; Marjit, Sugata - 2021

This paper explores the possibility of international technology transfer in lieu of trade in a model with absolute and comparative advantage. Countries having absolute advantage in producing a good may offer that technology to a possible trading partner against a fee and both the countries might...

Persistent link: https://www.econbiz.de/10012584221

Overconfidence and gender equality in the labor market

Bastani, Spencer; Giebe, Thomas; Gürtler, Oliver - 2023

Gender differences in overconfidence have been extensively documented in the empirical literature, but the implications for labor market outcomes are not well understood. In this paper, we analyze how men's relatively higher overconfidence, combined with competitive job incentives, affects...

Persistent link: https://www.econbiz.de/10014249676