Showing 1 - 10 of 22
In the following text we introduce those approaches to the methodology of economics that are relevant from the perspective of post-Keynesianism. After a partially historical outline of philosophical and methodological stances of John Maynard Keynes and Nicholas Kaldor we attempt to shed some...
Persistent link: https://www.econbiz.de/10008752945
According to quite a number of scholars, even non-Austrian, some theories of Austrian school of economic thought do provide an increasingly relevant material to explain recent boom-and-bust economic cycles as well as financial crises. However, I argue, this development is not adequately...
Persistent link: https://www.econbiz.de/10011195246
The authorship of the principle of comparative advantage is generally credited to David Ricardo. Recent papers published in scientific journals have cast doubt on this axiom and have debated roles of Robert Torrens, James Mill and John Stuart Mill in its history. We show many of the arguments...
Persistent link: https://www.econbiz.de/10011195249
The paper discusses the contribution of R. H. Coase to economics and his role as a founder of the new institutional economics. Coase also contributed to the establishment of Law and Economics as a discipline, he is the author of the transaction cost theory and of the Coase Theorem. The paper...
Persistent link: https://www.econbiz.de/10011268672
František Vencovský one of the most prominent Czech economists of the second half of the 20th century died five years ago. He has been valued for his very significant contribution to the historical development of the Czech economic theory, to the historical development of banking, monetary...
Persistent link: https://www.econbiz.de/10009403361
The purpose of the paper is to map the economic theory of Gary Becker. The first part outlines the life of Gary Becker. The second part analyses his economic approach to human behaviour. The third part covers the economics of discrimination. The fourth part examines the human capital theory. The...
Persistent link: https://www.econbiz.de/10011228269
One of the two laureates of the Nobel Prize for economics in 2002 is Daniel Kahneman. After taking a brief look at Kahneman's life, the present article surveys his contributions to our understanding of three aspects of human decision making: judgment, comparison of alternatives and types of...
Persistent link: https://www.econbiz.de/10004963571
Economic opinions of Johan Amos Comenius (1592 - 1670) were not completely described yet, although they can be found in several writings. Comenius differentiated from Medieval thoughts by his opinions in respect of an enterprise, a position of laws and an activity of sovereign, by refusing...
Persistent link: https://www.econbiz.de/10005002732
The aim of this paper is to introduce roots of multi-agent approaches in economic theory. From the beginning, the opinion that economic system should be investigated on the basis of comprehension to its basic units was expressed by many scientists. Friedrich A. Hayek and Herbert A. Simon are two...
Persistent link: https://www.econbiz.de/10005036628
The study deals with analysis of economic reforms in South-Eastern Asia affected by financial crisis in 1990s. Authors have stressed, that it was a result of internal and external influences, which caused not only the fatal destabilization of main economic fundaments of affected countries and...
Persistent link: https://www.econbiz.de/10005036634