La hipótesis de expectativas racionales domina los programas de investigación macroeconómica desde su surgimiento en los años setenta. Este marco metodológico dio a la macroeconomía fundamentos dinámicos consistentes con la teoría de la elección racional. Sin embargo, el costo ha sido...

Propongo una reforma radical y ramificada del plan de estudios. Aún se debería enseñar el modelo básico de comportamiento del agente de la economía tradicional, pues no es totalmente irrelevante para el mundo real. Pero solo debería ser una de las numerosas formas de comportamiento de los...

This paper shows one type of asymmetric information problems, their theoretical implications, the design of contracts that mitigate them, as well as some experimental evidence. Furthermore, by extrapolating the results, the paper tries to illustrate certain macroeconomic implications obtained...

This paper offers a detailed presentation of the Skaperdas and Syropoulos model; one of the main models of the theory of conflict and state emergence. First, it describes the model’s Nash equilibrium and the relevant effects of comparative analysis. And second, from a new interpretation of the...

This paper shows the relevance of Popper's Rationality Principle (RP) for the appraisal of the impressive mass work emerging, in recent years, in the fields of rationality, learning, evolutionary games and behavioral economic theory. In contradistinction to the well-known rigid criteria of the...

Las fallas generalizadas y duraderas de la economía académica se deben a la excesiva confianza en métodos de análisis matemáticos inapropiados. Muchos economistas heterodoxos piensan que el problema central es una forma de ideología político-económica, que la disciplina va por mal camino...

The basis of this essay, which analyzes the use of mathematics in economics, is the supposed dilemma between axiomatics and empiricism. The proponents of formalist axiomatics hold that economic phenomena should be explored and expressed with the language of mathematics, because mathematics is a...

Some recent articles debate the implications of the results of experimental economics. It is claimed by some that these results challenge the assumptions of expected utility theory. Others deny this. Both sides presume that the assumptions of rationality or expected utility-maximization are...

There has recently been a resurgence of interest in how institutions affect economic performance. A review of this literature reveals that the concept of an ‘institution’ means different things to different scholars, both within economics and across the social sciences. This paper discusses...

This article explains two enigmas related to the scientific career of Thomas C. Schelling, Nobel Price in Economics 2005: How to explain his capacity to always produce new ideas? Why have his multiple pioneer ideas had more impact on other social sciences and not on economics? The paper proposes...