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This paper tells the story of a student of economics and finance who meets a couple of alleged psychopaths, suffering from the 'syndrome of Zelig', so that they think of themselves to be experts of economic and financial issues. While speaking, they come across the concept of excess profit. The...
Persistent link: https://www.econbiz.de/10012766845
This paper discusses relevance in development studies. We argue that current debates around relevance assume a … feel relevance can be pluralized and radicalized, but that this requires us to be ideologically transparent and to examine … rigour. Positivistic criteria imply a distinctive form of rationality, but if rationality is also pluralized then alternative …
Persistent link: https://www.econbiz.de/10011138874
purports to explain, and that the story of the model fails minimal requirements of factual relevance and intuitiveness. Our …
Persistent link: https://www.econbiz.de/10008484366
"Oppositional Analysis" - the name I give to the metaphysics presented in this volume - proposes a number of dichotomies through which one may analyze and understand systematically the structure of every level of reality. Macroeconomic theory, as well as social research, are two excellent stages...
Persistent link: https://www.econbiz.de/10011258411
In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869-present, may be structured in recurring 14-year periods. A steady-state rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden...
Persistent link: https://www.econbiz.de/10011260122
This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic...
Persistent link: https://www.econbiz.de/10011260672
We introduce a “reason-based” way of rationalizing an agent’s choice behaviour, which explains choices by specifying which properties of the options or choice context the agent cares about (the “motivationally salient properties”) and how he or she cares about these properties (the...
Persistent link: https://www.econbiz.de/10011260696
The purpose of the System Dynamics method is to study the relationship between structure and behavior in non-linear, dynamic systems. In such systems, the significance of various structural components to the behavior pattern exhibited, changes as the behavior unfolds. Changes in structural...
Persistent link: https://www.econbiz.de/10009147691
Abstract: This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new understanding of the relationship between theoretical and applied work. Drawing on an analysis of John Bates Clark medal winners, it is suggested that the discipline became...
Persistent link: https://www.econbiz.de/10011163110
This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new understanding of the relationship between theoretical and applied work. Drawing on an analysis of John Bates Clark medal winners, it is suggested that the discipline became more...
Persistent link: https://www.econbiz.de/10011099849