Showing 1 - 10 of 12
The unintelligibility of the social and economic phenomena is due to isolation from the various backgrounds that has driven and maintained them. The conspiratorial reasoning insists over those backgrounds and focuses on identifying the intentionality in the primary cause. Throughout history,...
Persistent link: https://www.econbiz.de/10012017175
Policy interventions that affect or are mediated through the family typically assume a behavioural response. Policy analyses proceeding from different disciplinary bases may come to quite different conclusions about the effects of policies on families, depending how individuals within families...
Persistent link: https://www.econbiz.de/10012115554
The existing literature on Islamic economics has not undergone any of the processes of verification or falsification. It is mostly restatement of the postulates as found in the Qur'an or hadith. The literature on methodology of Islamic economics is either superfluous, or ambiguous or confusing....
Persistent link: https://www.econbiz.de/10012929747
The characteristic capability of science – to turn whatever it might touch into knowledge – seems to have eluded economics. Currently, economists do not understand how the economy works. To get out of the cul-de-sac requires a paradigm shift. It consists in replacing behavioral axioms by...
Persistent link: https://www.econbiz.de/10013032017
The current COVID-19 pandemic has attracted significant attention from epidemiologists and economists alike. This differs from the 1918-19 Spanish Influenza pandemic, when academic economists hardly paid attention to its economic features, despite its very high mortality toll. We examine the...
Persistent link: https://www.econbiz.de/10012436091
The unintelligibility of the social and economic phenomena is due to isolation from the various backgrounds that has driven and maintained them. The conspiratorial reasoning insists over those backgrounds and focuses on identifying the intentionality in the primary cause. Throughout history,...
Persistent link: https://www.econbiz.de/10011255195
Most of the literature published under the nomenclature of ‘Islamic economics' deals with Islamic guidelines that address Muslims only. However, there is a vast area of economic subjects dealt in the Qur'an and (also hadith of the Prophet) that addresses the entire humanity in the form of...
Persistent link: https://www.econbiz.de/10012966976
This article presents a comparative analysis of the approaches of institutional economics and Walrasian economics. After reviewing the differences between both perspectives, it argues that institutional economics is an alternative, however incomplete, to general equilibrium economics. It...
Persistent link: https://www.econbiz.de/10014075389
Superintelligent Machines & the Dismal Science is a short essay that explores the intersection of empirical economic methodology and future advances in artificial intelligence. Pointing out theoretical weaknesses of the empirical approach, it is argued that the emergence of superintelligence...
Persistent link: https://www.econbiz.de/10014081678
Along with the economic globalization, economics must decode a more complex reality, to which classical answers are no longer helpful. Due to excessive abstraction and mathematical representation, the economic and social phenomena are partially analyzed and understood - after the delimitation...
Persistent link: https://www.econbiz.de/10011079463