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Standard histories of economics usually treat the "marginal revolution" of the midnineteenth century as both … supplanting the "classical" economics of Smith and Ricardo and as advancing the idea of economics as a mathematical science. The … marginalists - especially Jevons and Walras - viewed Cournot's (1838) book on mathematical economics as a seminal work on which …
Persistent link: https://www.econbiz.de/10011695287
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
This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic … a broad and self-contained picture of how behavioral economics is changing the mainstream of economics. …
Persistent link: https://www.econbiz.de/10011809698
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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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 …
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