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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 …, and the field of study he afforded to political economy. Instead, early neoclassical economists parted ways with the …
Persistent link: https://www.econbiz.de/10011784683
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What do exogenous shocks tell us about growth theories?
Noy, Ilan; Nualsri, Aekkanush - 2007
The sources of economic growth and development have been puzzling economists from the modern dawn of the profession …
Persistent link: https://www.econbiz.de/10010285333
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Does the John Bates Clark Medal boost subsequent productivity and citation success?
Chan, Ho Fai; Frey, Bruno S.; Gallus, Jana; Torgler, Benno - 2013
Despite the social importance of awards, they have been largely disregarded by academic research in economics. This paper investigates whether a specific, yet important, award in economics, the John Bates Clark Medal, raises recipients' subsequent research activity and status compared to a...
Persistent link: https://www.econbiz.de/10010316904
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2008 Lawrence R. Klein lecture - Comparative economic development: Insights from unified growth theory
Galor, Oded - 2009
This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...
Persistent link: https://www.econbiz.de/10010284035
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How Banks Construct and Manage Risk : A Sociological Study of Small Firm Lending in Britain and Germany
Quack, Sigrid - 2012
This paper analyses the role of banks in financing SMEs in Britain and Germany. It applies a sociological institutionalist approach to understand how banks construct and manage risk, relating to SME business. The empirical analysis is based on the results of a comparative survey of a sample of...
Persistent link: https://www.econbiz.de/10013102832
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The neoclassical theory of aggregate investment and its criticisms
Girardi, Daniele - 2021
This paper surveys the neoclassical theory of aggregate investment and its criticisms. We identify four main strands in neoclassical investment theory: (i) the traditional Wicksellian model; (ii) the Fisherian "array-of-opportunities" approach; (iii) the Jorgensonian model; (iv) the now...
Persistent link: https://www.econbiz.de/10012606446
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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
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The role of ideology in disagreements among economists: A quantitative analisis
Mayer, Thomas - 2000
How justified is the charge that ideology strongly influences the allegedly objective opinions of economists? An … analysis of a new survey of AEA members and of surveys by Fuchs et al of labor economists and public economists shows that … value judgments and judgments about the government''s efficacy have some influence on the way economists think about what …
Persistent link: https://www.econbiz.de/10010318594
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Some foundations for multiplicative habits models
Hiraguchi, Ryoji - 2004
While consumption models with multiplicative habits are becoming increasingly popular, some important theoretical questions about these models have not yet been addressed. This paper fills three such gaps: Existence of an optimal consumption path; satisfaction, by that path, of the consumption...
Persistent link: https://www.econbiz.de/10010293473
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Brain drain and development traps
Bénassy, Jean-Pascal; Brézis, Elise S. - 2011
This paper links the two fields of 'development traps' and 'brain drain'. We construct a model which integrates endogenous international migration into a simple growth model. As a result the dynamics of the economy can feature some underdevelopment traps: an economy starting with a low level of...
Persistent link: https://www.econbiz.de/10010335994