Showing 1 - 10 of 7,805
Emotions were central to the development of economics, especially in utility theory in classical economics. While neoclassical utility theory basically abolished emotions, behavioural economics more recently reintroduced emotions in utility theory. Beyond utility theory, economic theorists use...
Persistent link: https://www.econbiz.de/10011499845
outcomes. This paper studies the effects of slavery on black-white wealth inequality upon the emancipation of slaves in the US … using historical data.The purpose of wealth has varied from over time. From an economics perspective, wealth is the …, such that they have an incentive to accumulate material wealth for inter-temporal household consumption and social …
Persistent link: https://www.econbiz.de/10013038303
Persistent link: https://www.econbiz.de/10011414649
Persistent link: https://www.econbiz.de/10011801213
Persistent link: https://www.econbiz.de/10014234007
Persistent link: https://www.econbiz.de/10003862903
Persistent link: https://www.econbiz.de/10008701588
In diesem Beitrag geht es um subjektive Gerechtigkeitsvorstellungen, nicht Gerechtigkeit an sich, da erstere im Gegensatz zu letzterer empirisch feststellbar und handlungswirksam sind. Allerdings müssen ihre Folgen nicht nur gute sein. Gerechtigkeitsvorstellungen können erstens die...
Persistent link: https://www.econbiz.de/10008808087
Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourthgeneration models of Paul Krugman) reflects the neoclassical vision whereby turbulence is an exception; the latter...
Persistent link: https://www.econbiz.de/10009380295
This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in literature rest upon the ability to choose over budget sets that contains only 2 or 3 elements, the situations which are not observable in real life. In order to give a more...
Persistent link: https://www.econbiz.de/10009528925