Showing 1 - 10 of 12,391
This paper compares the models of Arrow and Debreu [1954] and Sraffa [1960], and concludes that (1) the models are informationally distinct conceptions of a capitalist economy, (2) they support radically distinct - though complete and entirely correct - theories of value, (3) the prices in the...
Persistent link: https://www.econbiz.de/10010286398
Under inflation targeting inflation exhibits negative serial correlation in the United Kingdom, and little or no persistence in Canada, Sweden and New Zealand, and estimates of the indexation parameter in hybrid New Keynesian Phillips curves are either equal to zero, or very low, in all...
Persistent link: https://www.econbiz.de/10011604897
The emergence of the gold standard has for a long time been viewed as inevitable. Fluctuations of the gold-silver exchange rate in world markets were accused to lead to brutal and unsustainable switches of bimetallic countries' money supplies. However, more recent work has shown that the option...
Persistent link: https://www.econbiz.de/10010316773
Heinsohns und Steigers These, daß das Geld nicht als technisches Neutrum zur Verbesserung des Tauschens, sondern aus den Modalitäten von Gläubiger-Schuldnerkontrakten einer Privateigentümergesellschaft entstanden sei (Heinsohn, 1984: Kap. 4; auch: Heinsohn/Steiger, 1983), hat einen...
Persistent link: https://www.econbiz.de/10010327594
decline of the history of economic thought within the discipline. [Mark Blaug on the quantity theory: A skirmish on the border … awareness and respect for empirical content to bear when he wrote about the Quantity Theory of Money, but he hesitated to probe … importance for the theory's evolution. …
Persistent link: https://www.econbiz.de/10010291900
"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the Eurosystem. The study also goes into the major economic policy...
Persistent link: https://www.econbiz.de/10011506708
Persistent link: https://www.econbiz.de/10011385471
Answering the call for a new theoretical approach to Corporate Social Responsibility (CSR), this paper makes a suggestion from a Weberian perspective. It briefly appraises the existing research on CSR and develops key points of a new approach based on their criticism. Suggesting that CSR is a...
Persistent link: https://www.econbiz.de/10010327595
The Prospect Theory proposes to assess outcomes relative to a reference point (or benchmark). Although the literature … recognises the relevance of dynamic benchmarks, most of the applications of Prospect Theory employ static reference points (or a … status quo). This paper aims to develop a Prospect Theory framework for investment under uncertainty subject to a dynamic …
Persistent link: https://www.econbiz.de/10010280772
This paper critically analyses the strongly subjectivist approach to exploitation theory recently proposed by Matsuo … exploitation index can be constructed. It is argued that a minimal objectivism is necessary in exploitation theory, whereby … related to the 'New Interpretation' ([1]; [3]). It is argued that it captures the core intuitions of exploitation theory and …
Persistent link: https://www.econbiz.de/10010280783