(1) Earth Endogenous System?(hereunder, the EES) is perfectly economic policy-orientation while a system for national accounts (the SNA, 1993, 2008, the UN) and other international organizations (e.g., OECD, EU, ILO, and so on) are all records-orientation. The author proves in the EES a fact...

Based on the analysis from the position of the New Keynesian approach of the critical literature and the publications of the New Keynesians, the principal distinctions are defined between their conceptions in the field of the macroeconomic theory and those of the „Old“ Keynesians, Neo- and...

Theoretical study identifying one modality with conditions necesary for the financial stabilization of an inherently unstable system; and 5040 other unstable dynamic modes. It draws on knowledge made available by the academic field of Control Engineering.

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...

This paper has three parts. The first will discuss the fundamentals concerning both the nature of knowledge and the nature of the methodological requirements of explanation in neoclassical economics. The second will show how these fundamentals are applied to the explanation of economic decision...

This paper explores dimensional analysis of production and utility functions in economics. As raised by Barnett, dimensional analysis is important in consistency checks of economics functions. However, unlike Barnett's dismissal of CES and Cobb-Douglas production functions, we will demonstrate...

Cet article propose une evaluation critique de ce que le courant néoclassique appelle la "nouvelle theorie" de la croissance. Il analyse ce qu'est la "croissance endogene", en presentant, dans une premiere partie, les origines, mecanismes et catégories de modèles à progres technique...

This paper has three parts. The first will discuss the fundamentals concerning both the nature of knowledge and the nature of the methodological requirements of explanation in neoclassical economics. The second will show how these fundamentals are applied to the explanation of economic decision...

Critics of modern macroeconomics often raise concerns about unwarranted welfare conclusions and data mining. This paper illustrates these concerns with a thought experiment, based on the debate in environmental economics about the appropriate discount rate in climate change analyses: I set up an...