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The article discusses the incompatibility of promoting individual interests of capitalists and workers with the promotion of macroeconomic goals of society. The article implements the ``instrumental method'' developed by Adolph Lowe, and articulates the separation of microeconomic goals with...
Persistent link: https://www.econbiz.de/10011258767
For those who knew the behavioural rules of various participants in the U.S. housing market, it was quite easy to recognize the swelling bubble in this market and predict that it will inevitably burst. And the only ones who could know these rules, except those who directly apply them in...
Persistent link: https://www.econbiz.de/10011258838
Behaviourism is the view that preferences, beliefs, and other mental states in social-scienti�c theories are auxiliary constructs re-describing people's behav- ioural dispositions. Mentalism is the view that they capture real phenomena, no less existent than the unobservable entities and...
Persistent link: https://www.econbiz.de/10011258839
This article, deposited for archival purposes with Repec, contains the submission of the UK-based Association for Heterodox Economics (AHE) on the benchmarking of research assessment in economics in the UK, to a consultation organised by the Economics and Social Science Research Council (ESRC)...
Persistent link: https://www.econbiz.de/10011258872
The 1998 failure of Long-Term Capital Management (‘LTCM’), a very large and prominent Greenwich, Connecticut based hedge fund, is said to have nearly brought down the world financial system. Over the years, few financial debacles such as LTCM, have been so often written about or discussed...
Persistent link: https://www.econbiz.de/10011258944
The present paper takes it as an indisputable fact that subjective-behavioral thinking leads, for deeper methodological reasons, with inner necessity to inconclusive filibustering about the agents’ economic conduct and therefore has to be replaced by something fundamentally different. The key...
Persistent link: https://www.econbiz.de/10011259277
Increasing and sustaining the quality of life for people can be possible when they are healthy. Good health conditions require good quality and reachable health care services. Because of the market failure as a result of asymmetric information, public sector as well as private one provides...
Persistent link: https://www.econbiz.de/10011260014
Nanotechnology is becoming increasingly important for the food sector, and advances and products are already being made in the areas of food packaging and food safety. However, there are several potential issues associated with the commercialization of agricultural and food (agrifood)...
Persistent link: https://www.econbiz.de/10011260335
The aim of this paper is to delineate an empirically grounded, structure-causal going concern recursive model of UK economics that, in the context of the RAE and local department decision-making, explains the progressive elimination of heterodox economics, the progressive homogenization of...
Persistent link: https://www.econbiz.de/10011260343
Time Value of money is a fundamental financial theory and a basic element in the monetary system. This concept serves as the foundation for all other notions in finance. It impacts consumer finance, business finance, and government finance. Basically the Conventional Time value of money results...
Persistent link: https://www.econbiz.de/10011260476