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The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of ongoing structural and...
Persistent link: https://www.econbiz.de/10011646704
stable equilibrium is one in which the entire population will consist of altruists. …
Persistent link: https://www.econbiz.de/10010291763
evolution equilibrium. It is based on arguments from the gradual vs. bang-bang tax reform controversy and from the debate on … trade-off. Basing on a general equilibrium model by T. Kehoe including production and taxes we provide a formal model of an … optimal macroeconomic policy design. Existence of equilibrium is established extending an analytical result which in a …
Persistent link: https://www.econbiz.de/10010305437
, evolution, responsibility and justice, a new concept of economic activity emerges within nature. This leads to new …. Following the Introduction (Section 1), this paper explains the MINE project (Section 2) and introduces our methodology (Section …
Persistent link: https://www.econbiz.de/10012141444
some of the most essential elements of modern economic theory, the concepts of mutual determination and equilibrium … debates explain both Fisher's exaggerations and Böhm- Bawerk's refusal to be satisfied with equilibrium alone. …
Persistent link: https://www.econbiz.de/10011592184
politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory …
Persistent link: https://www.econbiz.de/10011646688
Existing theories of capital, neo-classical as well as Marxist, are anchored in the material sphere of production and consumption. This article offers a new analytical framework for capital as a crystallization of power. The relative nature of power requires accumulation to be measured in...
Persistent link: https://www.econbiz.de/10011644561
Over the past century, Israel has been transformed from an agricultural colony, to a welfare-warfare state, to a globally integrated “market economy” characterised by great income disparities. What lies behind this transformation? Why the shift in emphasis from “war profits” to “peace...
Persistent link: https://www.econbiz.de/10011646687
examined as a return to Institutionalism's radical roots in development economics. Concluding remarks suggest that this …
Persistent link: https://www.econbiz.de/10010288088
general questions concerning the regional and global waxing and waning of domestic regime types. Evolution's claims about the … co-evolution and niche construction are crucial: an agent may modify its environment such that one or more traits of that … agent enjoy a greater reproductive advantage. Agency, then, may be not an escape from evolution but a participation in co-evolution …
Persistent link: https://www.econbiz.de/10011596791