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The paper aims to show how the formal revolution in economics has influenced the developments of Rational Choice and Game Theory in Political Science. Our focus will be on American political scientist William H. Riker (1920-1993). We want to show how Riker used game theory and adapted it to...
Persistent link: https://www.econbiz.de/10013259725
Standard histories of economics usually treat the "marginal revolution" of the midnineteenth century as both supplanting the "classical" economics of Smith and Ricardo and as advancing the idea of economics as a mathematical science. The marginalists - especially Jevons and Walras - viewed...
Persistent link: https://www.econbiz.de/10011761426
-round debate with the editors of The Nation over the economics of trade liberalization in the case of a proposed trade treaty with …
Persistent link: https://www.econbiz.de/10011761427
Neoclassical economists of the current era frequently pay lip service to Adam Smith's theories to certify the validity of natural-laws-based, laissez-faire policies. However, neoclassical theories are fundamentally disconnected from Adam Smith's notion of value, his understanding of the economic...
Persistent link: https://www.econbiz.de/10011784683
different purposes. As a working object it enabled experimentation with long-run equilibrium growth. As an instrument of …
Persistent link: https://www.econbiz.de/10011592228
In this article, I summarize Griliches' contributions to economics and to applied econometrics.
Persistent link: https://www.econbiz.de/10010267768
main drivers of exponential growth in economic possibilities; second, a gradual general rebalancing of life choices away …
Persistent link: https://www.econbiz.de/10014474505
Douglass North gehört zu den führenden Sozialwissenschaftlern des 20. Jahrhunderts. Er wurde für seine bahnbrechenden Leistungen auf dem Gebiet der ökonomischen Geschichtstheorie mit dem Nobelpreis ausgezeichnet. Dieser Aufsatz rekonstruiert (a) seine kliometrische Diagnose der Moderne, (b)...
Persistent link: https://www.econbiz.de/10011733763
importantly, we show that nongrowth firm values are comparable to growth firm values unless we assume a rise in growth consistent … with projections under TCJA where tax rates are lower. We demonstrate this projected growth increase is the key to make …
Persistent link: https://www.econbiz.de/10013200293
Understanding inequality and devising policies to alleviate it was a central focus of Jan Tinbergen's lifetime research. He was far ahead of his time in many aspects of his work. This essay places his work in the perspective of research on inequality in his time and now, focusing on his studies...
Persistent link: https://www.econbiz.de/10011984606