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Cryptography is about communication in the presence of an adversary. Cryptofinance is the efficient exchange of ownership, the verification of ownership, as well as the ability to algorithmically design conditional contracts, all with security, privacy, and minimal trust without using...
Persistent link: https://www.econbiz.de/10013006438
Modelling is one of the key methods of scientific cognition in economics. It is a simplification of the existing reality with a view to its further study. The modeling method is so established in eco- nomic science that modern economic theory is completely defined by models as some formal...
Persistent link: https://www.econbiz.de/10012844859
In recent academic and to some extent public debates, mainstream economics has been accused of excessive mathematization. The rejection of mathematical and other formal methods is often cited as a crucial trait of Austrian economics. Based on a systematic discussion of potential benefits and...
Persistent link: https://www.econbiz.de/10012598662
then use the insights from this thought experiment to point out some pitfalls of the modern macroeconomic methodology. …
Persistent link: https://www.econbiz.de/10010226540
There is something extreme about Mises' apriorism, namely, his epistemological justification of the a priori element(s) of economic theory. His critics have long recognized and attacked the extremeness of Mises' epistemology of a priori knowledge. However, several of his defenders have glossed...
Persistent link: https://www.econbiz.de/10011606989
Popper recognizes that there are, at least, two versions of his "Rationality Principle" (RP) yet he does not explain either how they relate to other parts of his works or which version social scientists should adopt. We argue that Popper's formulation of RP can be upgraded by explicitly...
Persistent link: https://www.econbiz.de/10011609744
The aim of this paper is to present data to verify the process of mathematization in economic theory. For this we used two representative samples from three of the most in fluential academic journals in the years 1955-56-57 and the years 2015-16-17. Thus, a contingency table was drawn up,...
Persistent link: https://www.econbiz.de/10011961169
The present essay investigates F.A. Hayek's epistemology and his methodology of sciences of complex phenomena for …
Persistent link: https://www.econbiz.de/10011706625
Establishing causal relationships is a core aspect of empirical economics. Borrowing ideas from the medical sciences, we propose tentative guidelines for reliable causal inferences that cover aspects related to both the study itself and its fit with the existing background knowledge. Moreover,...
Persistent link: https://www.econbiz.de/10014632289
Persistent link: https://www.econbiz.de/10014468114