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At its core, the discussion on the micro-macro link in heterodox economics is concerned with the correct treatment of aggregates and aggregation in social theory. In this chapter we survey heterodox approaches to the micro-macro link with a focus on shared understandings and convictions that...
Persistent link: https://www.econbiz.de/10014532486
This paper provides an introduction to a unifying heterodox approach to the micro-macro link in economics. We emphasize the analytical problems that may arise from popular misunderstandings about the relationship of individual and aggregate level and thereby illustrate why a thorough...
Persistent link: https://www.econbiz.de/10011778645
This short paper discusses the concept of "systemism", elaborates how it implicitly underpinned most seminal works of evolutionary-institutional economics, and explains how future research would benefit from making the systemist nature of evolutionary economics more explicit. More precisely, the...
Persistent link: https://www.econbiz.de/10014578199
This entry discusses the concept of "systemism", elaborates how it implicitly underpinned most seminal works of evolutionary-institutional economics, and explains how future research would benefit from making the systemist nature of evolutionary economics more explicit. More precisely, the paper...
Persistent link: https://www.econbiz.de/10014581275
Agent-based simulations have become increasingly prominent in various disciplines. This trend is to be appreciated, but it comes with challenges: while there are more and more standards for design, verification, validation, and presentation of the models, the various meta-theoretical strategies...
Persistent link: https://www.econbiz.de/10011779880
From the two premises that (1) economies are complex systems and (2) the accumulation of knowledge about reality is desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold than monism. To substantiate this claim an...
Persistent link: https://www.econbiz.de/10011781107
This theses introduces the idea of a symbiotic relationship between evolutionary-institutional and complexity economics. It consists of two major contributions: The first contribution focuses on how the emerging research program of complexity economics can benefit from evolutionary-institutional...
Persistent link: https://www.econbiz.de/10011544939
Persistent link: https://www.econbiz.de/10011954762
Despite being a key term in institutional economics, the term "institution" seems to be used in various different ways. To what extent is this problematic, given that a shared understanding of key terms among scholars is a necessary condition for scientific progress? We review prominent...
Persistent link: https://www.econbiz.de/10011970836
Persistent link: https://www.econbiz.de/10012414779