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Hayek´s methodological outlook at the time he engaged in business cycle research was actually closer to praxeological …
Persistent link: https://www.econbiz.de/10005837515
theories of Hayek, Wicksell and Schumpeter. We argue that ample liquidity supply originating in the large industrialized …
Persistent link: https://www.econbiz.de/10005616943
of Schumpeter on the complex relationships between Economic History and Epistemology of Science. This design has three …The History Schumpeter´s of Economic Analysis, is a tour de forcé of scholarship. The display of erudition is 'truly …
Persistent link: https://www.econbiz.de/10011109318
Schumpeter on the complex relationships between Economic History and Epistemology of Science. This design has three aspects that …Schumpeter's The History of Economic Analysis, is a tour de force of scholarship. The display of erudition is truly … belles letters as well. For more that 1,100 pages on the prose flows in a way That one has come to expect from Schumpeter the …
Persistent link: https://www.econbiz.de/10011113194
We recognize the comments made by Horwitz (2010) and Koppl (2010) in their replies to D'Amico and Boettke (2010), "Making Sense out of The Sensory Order." Furthermore, this paper hopes to explain what role D'Amico and Boettke do see for cognitive neuroscience in the study of Austrian Economics....
Persistent link: https://www.econbiz.de/10009323475
How is it that schools of economic factions have created rifts where economists cannot bare to be in the same room as one another. Investigation of this question examines fundamental economic theory and identifies the root cause of the rift is the perplexing disconnect between the scientific...
Persistent link: https://www.econbiz.de/10011258173
This paper is motivated by the observation that (1) socio economic analysis uses significantly less formalisms than mainstream economics, and (2) that there exist numerous situations in which socio economics could benefit from a more formal analysis. This is particularly the case if institutions...
Persistent link: https://www.econbiz.de/10011122830
Institutionalist economists have always been criticizing the neoclassical way of studying the economy, especially because of its obsession to a very strict and flawed formalism. This formalism receives critique also from advocates of agent-based computational economic (ACE) models. The criticism...
Persistent link: https://www.econbiz.de/10011108165
This article uses the functional decomposition approach to modeling Mäki (2009b) to discuss the importance of methodological considerations before choosing a modeling framework in applied research. It considers the case of agent-based models and dynamic stochastic general equilibrium models to...
Persistent link: https://www.econbiz.de/10011206891
Economics, and other fields of social science are often criticized as unscientific for their apparent failures to formulate universal laws governing human societies. Whether economics is truly a science is one of the oldest questions. This paper attempts to create such universal laws, and...
Persistent link: https://www.econbiz.de/10011109601