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The article discusses the ongoing debate about a potential paradigm shift in eco-nomics. Institutions like the … Institute for New Economic Thinking, the New Economics Foundation, and the Forum New Economy have been established to foster new … economics, rather than a complete overhaul of the discipline. The article concludes that while mainstream economics may become …
Persistent link: https://www.econbiz.de/10015081064
The history of modern economics abounds with pleas for more pluralism as well as pleas for more unification. These seem … particular, Samuelson's Foundations is invariably presented as a key text in the unification of modern economics during the … derivational unification was pluralist in spirit: not to narrow scientific economics into one single theory, but rather to allow …
Persistent link: https://www.econbiz.de/10012823640
This paper re-examines the origins of Paul A. Samuelson's Foundations of Economic Analysis (1947), a book that helped define the way economic theory was undertaken for many years after its publication. Material taken from Samuelson's own papers and other archives is used to elaborate and correct...
Persistent link: https://www.econbiz.de/10013032180
early neoclassical economics priorto WWII. Secondly, we also argue that embroynic to Knight’s account of economics were …
Persistent link: https://www.econbiz.de/10013243086
common knowledge of early neoclassical economics prior to WWII. Secondly, we also argue that embroynic to Knight’s account of … economics were two divergent approaches to economic thought that emerged in the post WWII. The first approach is what has come …
Persistent link: https://www.econbiz.de/10014091141
Traditionally, students of economics have often been told that it is a non-experimental science. Using a quantitative … and qualitative analysis of introductory economics textbooks, we track the historical evolution of this rhetoric from 1970 … experimentation in economics. Remarks that experiments are impossible in economics have been (almost) eliminated only this decade …
Persistent link: https://www.econbiz.de/10012297595
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Persistent link: https://www.econbiz.de/10014383577
science and its differing seminal systems. Today mainstream economics solves certain problems chosen within the scope of … Economics and the Postgraduate Program in Economics, at the Federal University of Espírito Santo (UFES), Brazil, and leader of …
Persistent link: https://www.econbiz.de/10013504727
Persistent link: https://www.econbiz.de/10010434513