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There is a fundamental difference between the natural and the social sciences due to reactivity. This difference remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a matter of course that economics should become a natural...
Persistent link: https://www.econbiz.de/10012949113
This paper is a revision of the 2011 Presidential address to the Association for Comparative Economic Studies. It examines the characteristics of comparative economics in the years 1977-1992, using computational tools to conduct intellectual history, by collecting extensive data on the character...
Persistent link: https://www.econbiz.de/10013118598
This article poses a new methodology applying the statistical analysis to the economic literature. This analysis has never been used in the history of economic thought, albeit it may open up new possibilities and provide us with further explanations so as to reconsider theoretical issues. With...
Persistent link: https://www.econbiz.de/10011293521
The paper argues that the canonical dichotomy between cardinal utility and ordinal utility is inadequate to tell the history of utility theory, and that a third form of utility consistent with the so-called classical understanding of measurement should be added to the traditional picture....
Persistent link: https://www.econbiz.de/10014186318
During the last decades there has been an impressive debate on what should be considered the future of the application of economic tools to the study of the legal system. Such debate is particularly compelling while many countries, which do not belong to that common law area - original backstage...
Persistent link: https://www.econbiz.de/10014050447
Probability theory has a central role in Edgeworth's thought; this paper examines the philosophical foundation of the theory. Starting from a frequentist position, Edgeworth introduced some innovations on the definition of primitive probabilities. He distinguished between primitive probabilities...
Persistent link: https://www.econbiz.de/10014053168
The economic paradigms of Ludwig von Mises on the one hand and of John Maynard Keynes on the other have been correctly recognized as antithetical at the theoretical level, and as antagonistic with respect to their practical and public policy implications. Characteristically they have also been...
Persistent link: https://www.econbiz.de/10014195194
This paper draws a connection between recent developments in naturalized philosophy of science and the Buchanan research program in economics. Economic approaches in naturalized philosophy of science can be combined to form an economic philosophy of science. After giving an overview of some of...
Persistent link: https://www.econbiz.de/10014204324
Persistent link: https://www.econbiz.de/10014213193
The U.S. Supreme Court has now decided 14 antitrust cases in a row in favor of the defendant. But this does not indicate an embrace of the conservative Chicago School over the moderate Harvard School. To the contrary, on every issue the Court has addressed where those two schools are in...
Persistent link: https://www.econbiz.de/10014224507