Econometrics labours under the same limitations as economics: it rests on unrealistic hypotheses (and non … constitute theory, notwithstanding the poor available data. Many econometrists are no longer interested in measurement, but in … art for art’s sake: econometrics becomes abstract mathematisation.  …

social contractarian theories. It is shown that economic theory does not have an explanation of substantive interactions … among agents and variables as it does among society, economy and institutions, all of which social contractarian theory … necessitates. Thus Rawls’s and Gauthier’s social contractarian theories are examined against neoclassicism and the classical theory …

Argues that stakeholder theory may be an appropriate model to describe firm behavior and replace the dominant paradigm …, the economic model of the firm. However, current conceptualizations of stakeholder theory do not meet the requirements of … scientific theory. Thus, looks at the historic roots of stakeholder “theory”, critiques its current form, and suggests steps that …

theory, decision theory, probabilistic models, and high-speed computing.  …