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Emission Taxes, Feed-in Subsidies and the Investment in a Clean Technology by a Polluting Monopoly

García-Alaminos, Ángela; Rubio, Santiago J. - 2019

The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the … calculated solving a two-stage policy game between the regulator and the monopoly with the regulator acting as the leader of the … output but does not affect the total output. On the other hand, the subsidy leads to the monopoly to reduce the dirty output …

Persistent link: https://www.econbiz.de/10012146433

How could everyone have been so wrong? Forecasting the Great Depression with the railroads

Klug, Adam; Langdon-Lane, John S.; White, Eugene N. - 2002

Contemporary observers viewed the recession that began in the summer of 1929 as nothing extraordinary. Recent analyses have shown that the subsequent large deflation was econometrically forecastable, implying that a driving force in the depression was the high expected real interest rates faced...

Persistent link: https://www.econbiz.de/10010318331

Orthodoxer Mainstream und Heterodoxe Alternativen: Eine Analyse der ökonomischen Wissenschaftslandschaft

Quaas, Friedrun - 2014

Die moderne Volkswirtschaftslehre als wissenschaftliche Disziplin ist einerseits durch große Uneinheitlichkeit geprägt, die andererseits selbst in Zeiten der Krise der Theorie anscheinend nicht nachhaltig in ein öffentliches Bewusstsein vordringen konnte. Nach wie vor wird die Ökonomik...

Persistent link: https://www.econbiz.de/10010352773

Pluralismus in der Ökonomik - verpasste Chance, überfälliges Programm oder normalwissenschaftliche Realität?

Quaas, Friedrun - 2020

The pluralism debate in economics that has been going on for two decades has not yet been able to provide an exhaustive answer to the question of how to deal meaningfully with the phenomenon of a real plurality of paradigms, theories and methods in a fragmented scientific community....

Persistent link: https://www.econbiz.de/10012197950

"Too Bad to Be True". Swedish Economists on Keynes's 'The Economic Consequences of the Peace, 1919-1929'

Carlson, Benny; Jonung, Lars - 2019

This paper examines the response of five prominent Swedish economists, David Davidson, Gustav Cassel, Eli Heckscher, Knut Wicksell and Bertil Ohlin, to John Maynard Keynes's "The Economic Consequences of the Peace" and to the German reparations in the 1920s. When Keynes's book appeared, Davidson...

Persistent link: https://www.econbiz.de/10013208857

Survival Value and a Robust, Practical, Joyless Individualism: Thomas Nixon Carver, Social Justice, and Eugenics

Fiorito, Luca; Orsi, Cosma - 2016

The aim of this paper is to provide a compressive assessment of Thomas Nixon Carver's thought - from his early formative years in the 1880s to his post WWII career as a journalist and pamphleteer. The main (albeit not exclusive) focus of this paper will be on the theoretical and philosophical...

Persistent link: https://www.econbiz.de/10011739618

The neoclassicals' conundrum: If Adam Smith is the father of economics, it is a bastard child

Valdes Viera, Oscar - 2017

Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...

Persistent link: https://www.econbiz.de/10011784683

Ingemar Ståhl 1938-2014. A Portrait of a Political Economist in the Swedish Welfare State

Jonung, Lars - 2019

For many decades, Ingemar Ståhl was a well-known economist in Sweden. He introduced new perspectives into research, teaching and public debate. He made his presence felt in areas as diverse as housing policy, defense economics, energy policy, financial economics, industrial policy, higher...

Persistent link: https://www.econbiz.de/10013208860

A critical reinterpretation of Shacklean decision theory

Kwak, Se Ho - 2022

Shackle was one of the representative critics of probability calculus. His alternative decision theory was mathematically reformalized by Katzner till 1990s. Following the Katzner's reformalized framework, this paper presents a new interpretation of Shacklean theory by focusing on the common...

Persistent link: https://www.econbiz.de/10014480614

A functional representation of potential surprise ordering

Kwak, Se Ho - 2022

In the history of economic thought, Shackle was one of the representative critics about probability based economic theory. Specifically, he constructed his own concept of subjective uncertainty called potential surprise to replace probability. In 1980s, the potential surprise is axiomatized by...

Persistent link: https://www.econbiz.de/10014480721