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evolution of modern portfolio theory are discussed. A new, 'next economy' methodology is proposed to practically apply modern … realities to portfolios in meaningful ways. Existing yet insufficient attempts to modify portfolio theory to address climate and …
Persistent link: https://www.econbiz.de/10013086462
Theory suggests that new market entrants play a special role for the creation of new technological pathways required …
Persistent link: https://www.econbiz.de/10013460358
and projecting high yields. This paper provides an approach from the transaction cost theory of Ronald Coase, in …
Persistent link: https://www.econbiz.de/10013091814
and projecting high yields. This paper provides an approach from the transaction cost theory of Ronald Coase, in …
Persistent link: https://www.econbiz.de/10013091815
Persistent link: https://www.econbiz.de/10011645741
According to the neoclassical economic theory, common goods would be underproduced by the market in the absence of a …
Persistent link: https://www.econbiz.de/10013058908
Israel Kirzner has been one of the leaders in fashioning an Austrian school of economics. In his rendering of the Austrian school, one finds a marriage between Friedrich Hayek's discourse with Ludwig von Mises's deductive, praxeological image of science of Ludwig von Mises - a marriage that...
Persistent link: https://www.econbiz.de/10013148597
Modern economics is filled with models using simultaneous equations to explain economic behavior. One common model, the circular flow diagram, is found in many principles-level textbooks, and is offered as the basic way in which economies function. The entrepreneur, if included at all, is...
Persistent link: https://www.econbiz.de/10003935346
leading to distortionary policy interventions. -- Entrepreneurial Choice ; Entrepreneurship ; Innovation ; Neoclassical …We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework … describe it. However, each modeling attempt focuses only on one specific feature of entrepreneurship. The entrepreneurial …
Persistent link: https://www.econbiz.de/10002570545
. This paper argues that an application of the Austrian theory of political entrepreneurship to the VPE framework can provide … important insights regarding the direction of political change. Kirzner's theory of entrepreneurship explains that coordination … entrepreneurial process breaks down. There is common ground between Kirznerian entrepreneurship and Buchanan's creative action …
Persistent link: https://www.econbiz.de/10013122999