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Economics of the N5000 Note
Teriba, Ayo - 2014
The statement by the central bank of Nigeria that N5000 will be introduced and N5, N10, and N20 notes will be coined in 2013 has generated a lot of debate. Many of the contributions have however strayed off the key point. Namely, the reason currency notes and coins are necessary. Notes and coins...
Persistent link: https://www.econbiz.de/10013053290
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Economists and the state : what went wrong
Roth, Timothy P. - 2014
). -- Economists and the State shows how modern economists have strayed far from Adam Smith's procedurally based, consequence … legislator,' this book argues that economists must reject their relentlessly utilitarian, teleological theory of the state and … requirements of a non-teleological conception of the state - a conception that is vital to the continuing development of a theory …
Persistent link: https://www.econbiz.de/10011852082
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The "dark ages" of German macroeconomics and other alleged shortfalls in German economic thought
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2017
Ordoliberalism is often accused as being responsible for Germany's policy stance during the Eurozone crisis. Ordoliberalism originates from the so-called Freiburg School of Economics, founded by Walter Eucken during the 1930s at the University of Freiburg, which is in fact in Germany. It is...
Persistent link: https://www.econbiz.de/10011743490
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The German anti-Keynes? : on Walter Eucken's macroeconomics
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2018
Germany's approach to solving the Eurozone crisis is supposedly based on the ideas of Walter Eucken (1891–1950), the founder of ordoliberalism. In this and other contexts, Eucken's work has been described as being in direct opposition to that of John Maynard Keynes. Our paper aims to clarify...
Persistent link: https://www.econbiz.de/10011888488
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Emergence and Entanglement in a Theory of Political Economy
Wagner, Richard E. - 2019
Political economy is a field of study where theorists typically treat polities and markets as separate orders of activity within society. Moreover, the standard mode of analysis treats those entities as existing in states of equilibrium. To the contrary, this essay treats polities and markets as...
Persistent link: https://www.econbiz.de/10012893276
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Douglass North's Theory of Politics
Levi, Margaret - 2016
generally. His work proved particularly relevant for those interested in questions of state-building, state variation, and long …
Persistent link: https://www.econbiz.de/10012977686
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James Buchanan and George Stigler : Divergent Legacies from Frank Knight
Wagner, Richard E. - 2017
contentment with the state of economic theory …
Persistent link: https://www.econbiz.de/10012943487
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War, Trade, and Mercantilism : Reconciling Adam Smith's Three Theories of the British Empire
Weingast, Barry R. - 2018
Adam Smith proposed three contradictory theories of the British Empire in the Wealth of Nations. The first view holds that the empire was created for merchants eager to monopolize the colonial trade. Smith concludes that “Great Britain derives nothing but loss” from the colonies. In the...
Persistent link: https://www.econbiz.de/10012934675
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Adam Smith's Theory of Violence and the Political-Economics of Development
Weingast, Barry R. - 2017
What accounts for the differences in the “wealth of nations”; that is, the differing levels of opulence across countries? Adam Smith's argument is as relevant today as it was in his time. On the economic side, his answer is well-known: the division of labor, the role of capital accumulation,...
Persistent link: https://www.econbiz.de/10012967154
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Welfare Economics and Second-Best Theory : Filling Imaginary Economic Boxes
Wagner, Richard E. - 2014
The economic theory of the second best has been an analytical staple of welfare economics and policy analysis since Lipsey and Lancaster (1956) set forth the idea. That theory challenged the then standard claim that removing violations of the necessary conditions for a competitive equilibrium...
Persistent link: https://www.econbiz.de/10014139927