Som bekendt er anvendelsen af en matematisk formalisme i mikro- som i makroøkonomisk teori i dag særdeles udbredt. Herved hævdes det ofte, at økonomi som fagdisciplin betragtet har vundet en uomtvistelig videnskabelig status, der bringer økonomi i en klasse for sig blandt de...

The economic crisis has brought a new situation also for the Hungarian economic policy, as neoliberalism as the main trend in economic thought is no longer valid. This phenomenon cannot be reduced to be a mere macroeconomic course shift, as an entire economic philosophy and approach has lost its...

Existing uncertainties about the correct explanations for economic growth and business cycles cannot be settled by aggregative analysis within the neoclassical framework. Current disputes in theory rest largely on ad hoc, casually empirical, assumptions about departures from perfect rationality...

In this manuscript we consider the conjugate notion focused from consumer theory as an interesting tool. According to us, conjugate notion remained undeveloped in economic theory because Fenchel's conjugate notion was introduced exclusively for proper convex lower semi continuous functions and...

It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics...

EPUB and EPDF available Open Access under CC-BY-NC-ND licence. With contributions from Alan Kirman and Rod O'Donnell, Karl Mittermaier's posthumously published work establishes a conceptual framework that will help economic theorists explore new paths of empirical analysis.

This study aims at the analysis of the possible self-referential effects of economic theories and models on its own subject and of the mechanisms through which bounded rational actors perceive the self-referential nature of economic theories and might absorb their prescriptions. Thus, the focus...

There is growing evidence that rising levels of prosperity in Western economies since 1945 have not been matched by greater incidences of reported well-being and happiness. Indeed, material affluence is often accompanied instead by greater social and individual distress. A growing literature...

The goal of scientific work is to understand more and more by less and less. In this effort, theoretical unification plays a large part. There are two main types of theoretical unification - unification of different theories of the same field of phenomena and unification of theories of different...