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with a finite decision. This paper suggests that this agonistic approach needs de-cisions or simply put, temporary … decisions drawn from seeing a decision as a solution for now. A de-cision is not a no-decision, but a decision recognised as … planning process from being a matter of reaching a finite decision to a strife about how to understand the present and which …
Persistent link: https://www.econbiz.de/10014442545
Persistent link: https://www.econbiz.de/10011385033
Persistent link: https://www.econbiz.de/10011385122
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring ”constant Frisch elasticity” (CFE) preferences. We derive...
Persistent link: https://www.econbiz.de/10011605220
In this paper we demonstrate that the Post-Keynesian Two-Gap Model merits its destiny as a ghost in economic discussions not only as a result of the well-known neoclassical criticism on its assumptions but also because of its general inconsistency. If adjusted for this inconsistency the Two-Gap...
Persistent link: https://www.econbiz.de/10011918468
Many transition policies, based on neoclassical economics, failed in Eastern Europe, the former Soviet Union, and China. This paper argues that the failure is due to the viability assumption in neoclassical economics. Neoclassical economics implicitly assumes that a firm is expected to earn a...
Persistent link: https://www.econbiz.de/10011470722
eine Gegenüberstellung der neoklassisch-wohlfahrtsökonomischen Theorie des Föderalismus einerseits und des mit dem Namen …
Persistent link: https://www.econbiz.de/10011698428
We study the general equilibrium properties of two growth models with overlapping generations, habit formation and endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in fertility; station- ary income per capita is...
Persistent link: https://www.econbiz.de/10011753141
This paper discusses some of the recent developments in growth theory, doing so from the perspective of a small open …
Persistent link: https://www.econbiz.de/10011506527
threshold models. It is demonstrated how simulated decision maps help in classifying observed time series. The maps process the …
Persistent link: https://www.econbiz.de/10010292780