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evolutionary theory of competition (Hayek, Kerber). Therefore, a model of institutional competition as an institutional search- and … theory. …
Persistent link: https://www.econbiz.de/10011526763
This study aims to introduce a new analytical macroeconomic framework, the expanded reproduction system, that combines the accumulated wisdom of several contemporary economic models while also compensating for their shortcomings. This new framework may be used to study macroeconomic phenomena...
Persistent link: https://www.econbiz.de/10011377743
Four talks on Keynes in relation to the Bloomsbury Group: I. Maynard Keynes of Bloomsbury (Craufurd Goodwin); II. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce Caldwell). The talks were delivered as part of roundtable...
Persistent link: https://www.econbiz.de/10011603268
Persistent link: https://www.econbiz.de/10012116557
Dieser Beitrag enthält drei Kurzartikel. Der erste behandelt die Wirtschaftspolitik, der zweite die Soziale Sicherung … erste thematisiert einleitend den Bedarf an einer Theorie der modernen Gesellschaft. Die zweite präzisiert abschließend die … theory of modern society. The concluding reflection refers to the theory offered by the ordonomic research program to meet …
Persistent link: https://www.econbiz.de/10011759728
While the development of scientific theories and measurement concepts has always been strongly intertwined, model-based measurements, specified as parameters in a statistical model, have been receiving increasing attention over the last decades. In this paper, we analyze the ontological and...
Persistent link: https://www.econbiz.de/10011779629
Persistent link: https://www.econbiz.de/10011811313
economic policy which is able to overcome the theory-immanent contradiction of the hitherto evolutionary view on this subject. …
Persistent link: https://www.econbiz.de/10011403857
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10009756278
This paper argues that an evolutionary approach to policy-making, which emphasizes openness to change and political variety, is particularly compatible with the central tenets of classical liberalism. The chief reasons are that classical liberalism acknowledges the ubiquity of uncertainty, as...
Persistent link: https://www.econbiz.de/10010405404