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Institutional Economics alluded to in Mark Perlman's "The Character of Economic Thought, Economic Characters, and Economic … Institutions". Specifically, some differences between the strands of American Institutionalism and Schumpeterian economics are … economic thought are discussed. The conclusion is that an evolutionary approach to economics would benefit from any attempt to …
Persistent link: https://www.econbiz.de/10014217655
different students studying economics. Resource students at a New Zealand university, obliged to take an introductory principles …
Persistent link: https://www.econbiz.de/10014219045
system, economics self-organizes towards a state of scientific unity. Since such a state is epistemologically inferior to a …
Persistent link: https://www.econbiz.de/10011781107
This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic … behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying … a broad and self-contained picture of how behavioral economics is changing the mainstream of economics. …
Persistent link: https://www.econbiz.de/10011809698
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Persistent link: https://www.econbiz.de/10001349684
For many years, the ideas of Knight and Keynes have been widely understood to overlap greatly and they are presumed to have developed notions of uncertainty that deeply intersect, both describing a state where outcomes have non-probabilistic likelihoods. Further, even their political...
Persistent link: https://www.econbiz.de/10013226598
In this book the author develops a new approach to uncertainty in economics, which calls for a fundamental change in … the methodology of economics. It provides a comprehensive overview and critical appraisal of the economic theory of … careful analysis of ontological theories of uncertainty explains the blindness of modern economics to economic phenomena such …
Persistent link: https://www.econbiz.de/10012397168
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Probability, the General Theory,and the 1937 Quarterly Journal of Economics, reveal that Keynes’s discussions about uncertainty in … the General Theory, and the 1937 Quarterly Journal of Economics article are simply small ,minor footnotes to the A … mention or make any reference to the 1937 Quarterly Journal of Economics article, which Joan Robinson, G L S Shackle, Paul …
Persistent link: https://www.econbiz.de/10014104170