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Tonveronachi, Mario - 2020

Starting from the mid-nineteenth century, this paper analyzes two periods of financial instability connected with financial globalization. The first culminates with the 1929 crisis, while the second characterizes the more recent experience starting from the 1970s. The period in between is...

Persistent link: https://www.econbiz.de/10012610175

Hierarchy of ideals in market interactions: An application to the labor market

Charles, Aurélie - 2013

This paper argues that a hierarchy of ideals exists in market interactions that sets the benchmark on the norm of fairness associated with these interactions, thus affecting pricing decisions associated with market exchange. As norms emerge, an ideal determines the criteria of optimal behavior...

Persistent link: https://www.econbiz.de/10010513024

Is There Room for 'Fear' as a Human Passion in the Work by Adam Smith?

Parisi, Daniela - 2014

The sciences tell us that fears are physical feelings and mental emotions that play a key role in any society. Not many issues related to fear are explored by economists today. The aim of this paper is to go backwards through the history of economic thought, and examine if and how Adam Smith...

Persistent link: https://www.econbiz.de/10011739582

Orthodox versus heterodox (Minskyan) perspectivesof financial crises: Explosion in the 1990s versus implosion in the 2000s

Muñoz, Jesús - 2011

Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourthgeneration models of Paul Krugman) reflects the neoclassical vision whereby turbulence is an exception; the latter...

Persistent link: https://www.econbiz.de/10010286521

An Aristotelian View of Marx's method

Cline, Nathaniel; McColloch, William; Ford, Kirsten - 2011

A number of Marxist scholars have tied aspects of Marx's thought to certain Aristotelian categories, yet remarkably little is said of Marx's dialectical materialism in this literature. Here we attempt to lay a foundation for such an effort, paying particular attention to the way in which...

Persistent link: https://www.econbiz.de/10010288085

The Veblenian roots of Institutional Political Economy

Ford, Kirsten - 2011

The term 'Institutional Economics' has been applied to some of capitalism's strongest critics as well as its most ardent apologists. This paradox in terms has bred contradictory literature in development economics, some declaring the death of this line of thought while others herald its...

Persistent link: https://www.econbiz.de/10010288088

Warum "geniale" Ideen für wissenschaftlichen Erfolg nicht ausreichen - Überlegungen zur besonderen Ökonomik der Etablierungwissenschaftlicher Standards

Franck, Egon; Jungwirth, Carola - 2001

Which are the basic strategic options of young scientists in the process of scientific competition? Which are the basic structural conditions influencing the outcome of strategic actions? What strategic choices should be made depending on given structural conditions? In thispaper we approach...

Persistent link: https://www.econbiz.de/10005844442

Methodology and microeconomics in the early work of Hyman P. Minsky

Toporowski, Jan - 2006

This paper reviews the recently published doctoral thesis of Hyman P. Minsky, summarizing its main contributions to methodology and microeconomics. These were aspects of economics with which Minsky is not usually associated, but which lie at the foundation of his later work. They include...

Persistent link: https://www.econbiz.de/10010266600

Money

Wray, L. Randall - 2010

his dissertation adviser, Joseph Schumpeter [1934]); the endogenous money approach of Basil Moore; the French …This paper advances three fundamental propositions regarding money: (1) As R. W. Clower (1965) famously put it, money … buys goods and goods buy money, but goods do not buy goods. (2) Money is always debt; it cannot be a commodity from the …

Persistent link: https://www.econbiz.de/10010286493

Theories of financial crises: An overview

Detzer, Daniel; Herr, Hansjörg - 2014

disturbing factor of a generally stable real economy (Wicksell, Hayek, Schumpeter, Fisher, and the early Keynes). Thereafter …

Persistent link: https://www.econbiz.de/10010332605