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The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on...
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Regardless of the fact that economics distinguishes itself from other social sciences by a high level of formal …
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Purpose – Joseph Alois Schumpeter's ideas are in the discussion agenda of various economists working in different theoretical traditions. However, several aspects of his work remain unexplored. In particular, the origin of his ideas in the context of the then prevalent economic theories of the...
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Purpose – The purpose of this paper is to introduce the “Radical economics” issue in International Journal of Social … Economics. Design/methodology/approach – “Radical economics” has two basic meanings. One employs the basic sense of “radical … orthodoxy of the time. This issue examines radical economics in both senses. Findings – The recent world economic crisis raises …
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