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interpretation the potential appears as the multivariate, complex, stochastic parameter reflecting dialectics of system’s internal … positive and negative potential from the point of system's useful function and then the an active and passive potential of … system’s elements. In such formulation the purposes of the management becomes expressly measurable. …
Persistent link: https://www.econbiz.de/10011258025
Constant returns to scale (CRS) is one of the corner-stones of the competitive general equilibrium paradigm of neoclassical economics. This note argues that the equilibrium solutions of this paradigm are not compatible with CRS. CRS implies that all producers (whatever their scale of production)...
Persistent link: https://www.econbiz.de/10011108250
This is an essay on the philosophy of science and the methodology and historiography of political economy. It deals with theory appraisal and with the question of which rules, if any, should deal with the search for progress in economic knowledge. (Here is the portion of the essay written by...
Persistent link: https://www.econbiz.de/10011109592
through a form of mathematic / harmonic inverse. In Part One the Cartesian coordinate system is merged with the legal …
Persistent link: https://www.econbiz.de/10011260030
This article aims to discuss an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the...
Persistent link: https://www.econbiz.de/10009369176
The vast majority of pre-Classical and of many Classical economists thought that it was natural to incorporate value judgments and norms in their economic reasoning. However, there was a gradual dominance of the idea of a neutral or value-free economic science which gained momentum with the...
Persistent link: https://www.econbiz.de/10005000007
Though time is a concept mostly associated with physics and philosophy, the concept of time is important to be understood in the discipline of economics. This paper attempts to highlight the importance of time in economics, particularly in knowledge economics, the discipline of economics that...
Persistent link: https://www.econbiz.de/10005620082
The present paper discusses the ‘battle of methods’ in economics in its epistemic pursuit in the framework of a dialectics between science and art. The traditional distinction between deduction and induction has come to be characterized as a ‘theory-data confrontation’; while the former...
Persistent link: https://www.econbiz.de/10005616720
This article, presented to the Annual Conference of the History of Economics Society, Vancouver July 1996, gives a historical analysis of the origins of the general equilibrium or comparative static approach and demonstrates that economic thought as a whole is divided, in each of its schools of...
Persistent link: https://www.econbiz.de/10005790444
Milton Friedman’s “The Methodology of Positive Economies” is still one of the most widely read pieces on economic methodology. One reason for this might be Friedman’s attractive proposal that economists use theories and hypotheses as pragmatic devices to summarize data and make...
Persistent link: https://www.econbiz.de/10005837057