Over the past twenty-five years the Duke history of economics faculty, together with the collection development librarians in the David M. Rubenstein Rare Book and Manuscript Library, have been gathering the papers of notable (mostly) twentieth century economists in what is now called The...

Detecting heterogeneity within a population is crucial in many economic and financial applications. Econometrically, this requires a credible determination of multimodality in a given data distribution. We propose a straightforward yet effective technique for mode inference in discrete data...

Die Dynamik der Weltwirtschaft wird in den kommenden Monaten verhalten bleiben. Zwar sind die Ölpreise wieder gefallen, doch bestimmt die Abschwächung in den USA vorerst das weltwirtschaftliche Klima. Einer stärkeren Abkühlung wirkt im Euroraum die expansive Finanzpolitik entgegen. In...

Am 23. Oktober stellten die sechs Wirtschaftsforschungsinstitute in Berlin ihr Herbstgutachten der Presse vor. Sie kommen zu der Ansicht, dass der Konjunkturabschwung durch die Terroranschläge verstärkt wurde. Mit einer Besserung ist erst im nächsten Jahr zu rechnen.

Am 23. April stellten die sechs Wirtschaftsforschungsinstitute in Berlin ihr Frühjahrsgutachten der Presse vor. Sie kommen zu der Ansicht, dass die Weltwirtschaft vor einem Aufschwung steht. In den USA hat sich die Konjunktur sogar früher als von den Instituten erwartet belebt. In Westeuropa...

This paper explores the repercussions of the COVID-19 pandemic on the banking sector, focusing on the escalation of credit risk and its effects on non-performing loans (NPLs), loan loss provisions, and economic activity in the Republic of Kosovo. Amidst the global health crisis, the banking...

The role of first principles in economics is examined through the lens of dominant methodological approaches of the classical and neoclassical periods. First principles are most clearly displayed in pure deductive systems. The tension between first principles as the basis for deductivist...

This elaboration starts by deciphering modern science as a social subsystem being loosely coupled to the rest of society (section 2.1). Additionally, the way in which modern (monistic) economics was generated within this subsystem will be sketched (section 2.2). This will be contrasted with the...

The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates the decentralized coordination mechanism inherent in all...