Showing 1 - 8 of 8
The transition from plan to market in China has been almost completed without any master-plan. The paper proposes to … political constraints of transition. A framework for analyzing evolutionary political economy is developed, which pays …
Persistent link: https://www.econbiz.de/10014054267
This chapter proposes a geocentric turn in economics that aims at radically transforming the performative functions of economics in contemporary capitalism: Inspired by an expression of John Stuart Mill, I outline the idea of the Earth as a ‘community of advantage’. The argument proceeds in...
Persistent link: https://www.econbiz.de/10014093201
Most taxonomies of economic systems are dualistic, such as distinguishing between ‘plan' and ‘market'. Following A. Sen, I argue that these approaches fall into the trap of ‘transcendental institutionalism'. As an alternative, the paper develops principles of evolutionary taxonomy that...
Persistent link: https://www.econbiz.de/10012984629
The concept of path-dependence is applied on the Chinese transition to the market economy, bearing the questions in … case of gradualism as opposed to "big bang" transition. I introduce three different types of path-dependence and argue that …
Persistent link: https://www.econbiz.de/10014054007
Persistent link: https://www.econbiz.de/10002793876
In economic methodology reflexivity in theorizing is mostly related to the relation between scientist and theory, such as in the application of economics on economics. This paper explores internal reflexivity of economic concepts, such as when economic action is directed at institutions which in...
Persistent link: https://www.econbiz.de/10014054287
Neuroeconomics stays in the center of the ongoing naturalistic turn in economics. It portrays the individual as a complex system of decision making mechanisms and modules. This results into a conceptual tension with the standard economic notion of the unity of the actor that is a systemic...
Persistent link: https://www.econbiz.de/10003785973
Economics is increasingly adopting the methodological standards and procedures of the natural sciences. The paper analyzes this 'naturalistic turn' from the philosophical perspective on naturalism, and I discuss the implications for the field of finance. The theory of finance is an interesting...
Persistent link: https://www.econbiz.de/10003786266