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This paper challenges the commonly held view that Smith's moral theory is a subjectivist theory. Smith's test for goodness and rightness - for propriety - is not the approbation of an impartial spectator, but the warranted approbation of such a spectator. Something is right or good not because...
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In this paper, we present a simplified macroeconomic model where money demand does not depend on the level of income. We then derive aggregate demand in a simple four quadrant diagram similar to a standard IS-LM. The analysis is extended to a model including net exports. The standard economic...
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In an interesting and provocative article, Michael Lewis-Beck and Andrew Skalaban make an important contribution by emphasizing several philosophical issues in political methodology that have received too little attention from methodologists and quantitative researchers. These issues involve the...
Persistent link: https://www.econbiz.de/10012773008
Congratulations goes to Jon Wakefield for an unusually complete and completely insightful contribution to this fast-growing literature. Wakefield productively follows what is now standard practice by including both deterministic and statistical information in each new model and then seeking out...
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The authors develop binomial-beta hierarchical models for ecological inference using insights from the literature on hierarchical models based on Markov chain Monte Carlo algorithms and King's ecological inference model. The new approach reveals some features of the data that King's approach...
Persistent link: https://www.econbiz.de/10014221018