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INSTITUTIONS: UNCERTAINTY IN DEFINITION OF THE TERM. A BRIEF LOOK AT THE HISTORY: 1890-1930
Arnania-Kepuladze, Tamila - In: Equilibrium 9 (2014) 4, pp. 79-102
trace the process of evolution in the understanding of the notion of institution, from its spontaneous mentions and … pragmatic use of the so-called pre-institutional era to the desire to understand and to define the essence of the institution in … term “institution” was understood at the three initial historical period of its usage. For this purpose, the first part of …
Persistent link: https://www.econbiz.de/10011274656
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Keynes, Hobson, Marx
Skidelsky, Robert - In: Moneta e Credito 66 (2013) 262, pp. 153-166
The work compares the relative strenghts, in understanding the current crisis, of the Keynesian tradition with those of two non-Keynesian traditions: those which emphasise income inequality and those which emphasise power. In other words, Hobson and Marx.
Persistent link: https://www.econbiz.de/10010854272
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Keynes, Hobson, Marx
Slidelsky, Robert - In: PSL Quarterly Review 66 (2013) 264, pp. 7-19
The work compares the relative strenghts, in understanding the current crisis, of the Keynesian tradition with those of two non-Keynesian traditions: those which emphasise income inequality and those which emphasise power. In other words, Hobson and Marx. Text of a speech given at the...
Persistent link: https://www.econbiz.de/10010658893
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Economics Is Not All of Life
Emmett, Ross B. - In: Econ Journal Watch 11 (2014) 2, pp. 144-152
I trace the arc of my thinking about political economy and Christian theology from my early interactions with the work of Richard Whately and Frank Knight to more recent economic and theological reflections on innovation. The general theme is that life is more than economics, despite the...
Persistent link: https://www.econbiz.de/10010777698
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The need for a new paradigm in economics
Jacobs, Garry - In: Review of Keynesian Economics 3 (2015) 1, pp. 2-8
The multidimensional challenges confronting humanity today, combined with our inability to fully harness the abundant human, social, technological, and financial resources to meet human needs, point to serious insufficiencies in prevailing economic theory modeled on the natural science. A...
Persistent link: https://www.econbiz.de/10011159863
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"The whole breadth of reason": a step towards rethinking economics and rationality
Beretta, Simona; Maggioni, Mario A. - In: Rivista Internazionale di Scienze Sociali 120 (2012) 3, pp. 241-262
The paper, which acts as an introduction to the Special Issue devoted to ‘‘The whole breadth of reason’’, addresses the topic of economic rationality and discusses its strengths and weaknesses within an interdisciplinary perspective highlighting the relational dimension of agents and...
Persistent link: https://www.econbiz.de/10010786776
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The good reasons for a broader reason
Scola, Angelo - In: Rivista Internazionale di Scienze Sociali 120 (2012) 3, pp. 263-268
The persistence of the global economic crisis and the rapid geo-political transformations that are under way, in particular those involving the Middle East and North Africa, seem to confirm the intentions of the organisers of this Summer School: a rethinking of our conception of human reason, in...
Persistent link: https://www.econbiz.de/10010786935
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What is Wrong with Moral Hazard and Adverse Selection Problems in the Conventional Economic Theory
Lemennicier, Bertrand - International Centre for Economic Research (ICER) - 2014
The purpose of this paper is to challenge the conventional theory of moral hazard and adverse selection. Moral hazard and adverse selection problems in contemporary economic theory are plagued with four major aws: 1) the alleged asymmetrical information between buyer and seller as a problem in...
Persistent link: https://www.econbiz.de/10010941789
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John von Neumann between Physics and Economics: A Methodological Note
Lambertini, Luca - Rimini Centre for Economic Analysis (RCEA) - 2013
A methodological discussion is proposed, aiming at illustrating an analogy between game theory in particular (and mathematical economics in general) and quantum mechanics. This analogy relies on the equivalence of the two fundamental operators employed in the two fields, namely, the expected...
Persistent link: https://www.econbiz.de/10010686248
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John von Neumann between Physics and Economics: A methodological note
LAMBERTINI, LUCA - In: Review of Economic Analysis 5 (2013) 2, pp. 177-189
A methodological discussion is proposed, aiming at illustrating an analogy between game theory in particular (and mathematical economics in general) and quantum mechanics. This analogy relies on the equivalence of the two fundamental operators employed in the two fields, namely, the expected...
Persistent link: https://www.econbiz.de/10010765820