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This note describes a numerical simulation of a model of economic growth, a simplified version of Robert Tamura's (1996) model of world income dynamics, based on technology diffusion. The model makes predictions for trends in average world income growth and about the evolution of the relative...
Persistent link: https://www.econbiz.de/10005756861
My main goal in this essay is to say something about leftover open questions in macroeconomics, as well as new phenomena that need to be accommodated in early 21st century macroeconomics, and the sorts of ideas that might make progress possible. The essay first considers foundational questions...
Persistent link: https://www.econbiz.de/10005819940
Recent developments in microeconomic theory have shown that the self-interested behavior underlying neoclassical theory is artificially truncated: it depicts a charmingly Victorian but Utopian world in which conflicts abound but a handshake is a handshake. But a handshake is not always a...
Persistent link: https://www.econbiz.de/10005237565
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Recent feminist theorizing about gender and science could improve economic practice. The usual definitions of the subject matter, models, methods, and pedagogy of economics, while often perceived as value-free and impartial, contain distinct masculine biases. The alternative is not a 'feminine'...
Persistent link: https://www.econbiz.de/10005233440
On the topic of globalization and economic integration, I want to address five subjects: The first is the extent of global integration that has taken place and that lies in prospect. The second is the broad case for economic integration and why domestic and global efforts to promote that case...
Persistent link: https://www.econbiz.de/10005233458
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Although field experiments and classroom surveys are ambiguous about whether economists are less likely than others to cooperate in social dilemmas, three important points remain clear: economics training encourages the view that people are motivated primarily by self-interest; there is clear...
Persistent link: https://www.econbiz.de/10005237528
When my colleagues at The New York Times use the word "academic," they intend no compliment; they mean irrelevant. And when my former colleagues in the academy describe someone's work as "journalistic," they invariably mean shallow. One way to frame discussion for this symposium is to ask how...
Persistent link: https://www.econbiz.de/10005237539
The authors asked the world's leading economists to describe instances in which journals rejected their articles. More than sixty essays, by a broadly diverse group that includes fifteen Nobel Prize winners, indicate that most have suffered publication rejection, often frequently. Indeed,...
Persistent link: https://www.econbiz.de/10005237543