Showing 1 - 10 of 27
This work is an attempt, first, to outline the basic building blocks of evolutionary theory in economics and, second, to offer a comparative assessment of different strands of literature which call upon evolutionary ideas of some sort. We sketch out what we consider to be the main results...
Persistent link: https://www.econbiz.de/10008578485
Few problems in decision theory have raised more persisting interest than the Allais paradox. It appears that sufficiently many brilliant works have addressed it from within decision theory proper for history and philosophy of science now to enter the stage. In its historical side, the paper...
Persistent link: https://www.econbiz.de/10011187970
Hayek regards complexity as specific to spontaneous orders or self-organizing structures. These orders are characterized by the phenomena of irreducible ignorance and emergence (of new properties of the whole which its separate parts do not possess) and by the incapacity to handle them. Their...
Persistent link: https://www.econbiz.de/10008632709
Based on an interdisciplinary approach, this article aims at elucidating what can be called the nature of money. To define it, we first distinguish between the generic properties of every money and its different and non specifically monetary uses. Then currency is grasped through its three...
Persistent link: https://www.econbiz.de/10008578423
This article aims to illustrate how artificial intelligence and cognitive sciences may complement economic approaches to learning and coordination. This article proposes a model of individual rationality which microeconomic assumptions are based on the principles of induction, classification and...
Persistent link: https://www.econbiz.de/10008631665
In the development of the general equilibrium theories, Hicks and Allais played an essential role. We are studying here the contributions which were theirs respectively in Value and Capital (1939) and in the Traité d?économie pure (1943). The accent is put on three points: the theory of...
Persistent link: https://www.econbiz.de/10011187898
J. Dewey and J.R. Commons have shared a common intellectual and practical engagement for democracy. This paper contends that the proximity of their analysis is larger than the explicit tribute Commons? conception of social sciences pays to Dewey?s social philosophy. On the basis of a...
Persistent link: https://www.econbiz.de/10011187969
The paper aims at showing the neglected moral aspect of the market in Smith?s work. The first part provides a new interpretation of the natural price as a just price. In the second part it is claimed that free competition is an institutional framework best suited for fostering the virtues of...
Persistent link: https://www.econbiz.de/10011187984
The paper is a brief account of Georges-Théodule Guilbaud?s (1912-2006) contributions to contemporary aggregative theories. An unnoticed precursor, Guilbaud anticipated on the algebraic conception of aggregation and on the more recent judgment aggregation theory, which generalizes social...
Persistent link: https://www.econbiz.de/10010854234
This paper analyzes how economic history and cliometrics can improve our understanding of the financial crises. We discuss the contributions of authors like Reinhart and Rogoff, Bordo and Eichengreen. According to Reinhart and Rogoff the recent crisis is similar in many aspects to former...
Persistent link: https://www.econbiz.de/10009386598