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individuals is the most relevant message conveyed by the General Theory. This paper starts off from a brief summary of Akerlof and … concentrates on Keynes’s Treatise on Probability and discusses how Keynes applied his philosophy of probability to decision … agents behave under uncertainty, and that the violations of the Bayesian creed scrutinized in behavioural finance, and in …
Persistent link: https://www.econbiz.de/10010555610
Following a long-standing philosophical tradition, impartiality is a distinctive and determining feature of moral judgements, especially in matters of distributive justice. This broad ethical tradition was revived in welfare economics by Vickrey, and aboce all, Harsanyi, under the form of the...
Persistent link: https://www.econbiz.de/10005660676
"classical" view of uncertainty (Knight, Keynes, Shackle and Davidson) that a "modern" approach to uncertainty could originally …The purpose of this paper is to discuss the uncertainty concept through a reconstitution of the ways in which this … notion emerges in the works by Knight, Keynes, Shackle and Davidson. It focuses on the uniqueness of each approach. It is …
Persistent link: https://www.econbiz.de/10010842963
This study sums up a circumstances related to motivation of SMEs for internationalization process. It provides overview of certain essential areas like European Charter for Small Enterprises, Legislation harmonization etc. The article also provides insights in the ICT sphere as opportunity for...
Persistent link: https://www.econbiz.de/10010969166
trade theory. Analyzing arguments made by international economists from the perspective of political philosophy, I show how …
Persistent link: https://www.econbiz.de/10010857533
contributions for heterodox production theory. Furthermore, it will be argued that models which consist of elements of hierarchial …
Persistent link: https://www.econbiz.de/10009325559
A pesar de los múltiples avances y modificaciones que ha sufrido la teoría microeconómicaneoclásica, sus dos modelos canónicos continúan siendo el de equilibrio parcial y el de equilibriogeneral. Contrario a lo que habitualmente se expone, existe abundante literatura que...
Persistent link: https://www.econbiz.de/10010763271
Keynes and Simon traverse all two, fifty year from distance, an epistemologically similar way. Both work out a theory … theory leads them to become aware of the role of the institutions on the cognitive and coordinating level. Finally their two …
Persistent link: https://www.econbiz.de/10008578640
/or rationalize the thesis are unsuccessful as their sanitized versions of Means’s theory turn out to be self-contradictory in the …
Persistent link: https://www.econbiz.de/10011258075
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...
Persistent link: https://www.econbiz.de/10008622248