Showing 1 - 10 of 2,438
The consensus is that orthodox economics is a failure in three dimensions: conceptual, methodological, and empirical. Heterodoxy has meticulously sorted out the multitude of errors, mistakes, and distortions. Yet, this alone does not help out of stagnation. Economists have now to go into...
Persistent link: https://www.econbiz.de/10011118528
central piece of economic theory is the interaction of demand and supply which determines prices and quantities. Demand and …
Persistent link: https://www.econbiz.de/10011111050
The characteristic capability of science – to turn whatever it might touch into knowledge – seems to have eluded economics. Currently, economists do not understand how the economy works. To get out of the cul-de-sac requires a paradigm shift. It consists in replacing behavioral axioms by...
Persistent link: https://www.econbiz.de/10011111459
methods and theory types used by scholars identifies key strengths and weaknesses of each. Different schools of heterodox … [that is, non-neoclassical] economics, as well as neoclassical economics itself, emphasize different sets of theory and … heterodox schools, like neoclassical economics itself, tend to act as if it were thought that their theory and method were …
Persistent link: https://www.econbiz.de/10010885983
The three realms of meaning: practical knowing, theory and interiority provide a framework for understanding the … theory. Practice engages with the world of practical knowing, where the challenges are the successful completion of practical … tasks. Theory engages the realm of scholarship as action researchers seek to develop understanding of, for example, the …
Persistent link: https://www.econbiz.de/10008838853
Information and communication technology plays an important role in achieving a higher level of energy efficiency. In particular, energy efficiency can be achieved by integrating information technology into electricity networks to enable the interaction between suppliers and customers (smart...
Persistent link: https://www.econbiz.de/10010886132
Information and communication technology plays an important role in achieving a higher level of energy efficiency. In particular, energy efficiency can be achieved by integrating information technology into electricity networks to enable the interaction between suppliers and customers (smart...
Persistent link: https://www.econbiz.de/10010890029
thinking and theory. In particular, which role do calibration, statistical inference, and structural change play? What is the …
Persistent link: https://www.econbiz.de/10010574762
Persistent link: https://www.econbiz.de/10004099976
This paper posits that the conditions precedent for some sort of global brain like phenomena emerging depends upon the governance system found in nature spreading in society around the World. This proposition is based on nature producing new emergent properties as its builds upon its own...
Persistent link: https://www.econbiz.de/10012737123