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Market failure vs. system failure as a rationale for economic policy? : a critique from an evolutionary perspective
Schmidt, Peter - 2015
This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this comparison,...
Persistent link: https://www.econbiz.de/10011403857
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Cryptocurrencies : A Legal Regulatory System
Di Pietro, Massimiliano - 2021
Abstract. A system that allows you to easily regulate the cryptocurrency market and influence it thanks to the classification given by their scalability. The opportunity to be included in a different table will push programmers to adapt to the legislation. It will no longer be the right to have...
Persistent link: https://www.econbiz.de/10013235796
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Regulation, the Market, and Interest Group Cohesion : Why Airlines Were Not Reregulated
Levine, Michael E. - 2007
incidence violates traditional versions of the economic theory of regulation. Organized subgroups should be able to protect … principal reasons, one requiring a refinement of the theory. The first is that under regulation the incentives of both … creation and wealth transfer through regulation requires both political unity and quot;slackquot;, that is, protection from …
Persistent link: https://www.econbiz.de/10012778192
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Regulating the Rulemakers : A Proposal for Deliberative Cost-Benefit Analysis
Nou, Jennifer - 2012
Modern risks are increasingly complex. Experts provide sober insights into the consequences of our regulatory choices. But these same risks also breed greater uncertainties and, thus, harder political decisions. Ever more urgent, then, becomes the need to ensure those decisions are transparent...
Persistent link: https://www.econbiz.de/10014219050
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Market failure vs. system failure as a rationale for economic policy? A critique from an evolutionary perspective
Schmidt, Peter - 2015
This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this comparison,...
Persistent link: https://www.econbiz.de/10011529345
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Sachverständigenrat : wie politiknah sollte die Beratung sein?
In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 95 (2015) 3, pp. 159-177
Das Jahresgutachten des Sachverständigenrates für Wirtschaft 2014/15 wurde von der Politik teils heftig kritisiert, weil wichtige politische Entscheidungen infrage gestellt wurden. In Hinblick auf die monierten Einzelfragen gibt es auch aus der Wissenschaft Kritik. Der Sachverständigenrat...
Persistent link: https://www.econbiz.de/10010490209
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Entwickeln sich wirtschaftswissenschaftliche Forschung und Politikberatung auseinander?
In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 93 (2013) 8, pp. 507-530
Ökonomen und Politiker beklagen sich gelegentlich übereinander. Die Ökonomen meinen, das politische Alltagsgeschäft berücksichtige die Erkenntnisse der Wissenschaft zu wenig und sei mit inkonsistenten Maßnahmen und suboptimalen Ergebnissen verbunden. Die Politiker sehen sich dagegen zum...
Persistent link: https://www.econbiz.de/10009777858
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On the economic crisis and the crisis of economics
Beker, Victor A. - 2010
The outburst of the 2008 global economic crisis sparked a myriad of criticism on mainstream neoclassical economic theory, held responsible for not even have considered the possibility of the kind of collapse that the subprime mortgage meltdown unleashed. In this paper, it is argued that what...
Persistent link: https://www.econbiz.de/10010300700
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On the economic crisis and the crisis of economics
Beker, Víctor A. - 2010
; regulation …
Persistent link: https://www.econbiz.de/10003983007
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Regulation and government debt
Berggren, Niclas; Bjørnskov, Christian - 2018
We study to what degree authors who publish in the five most prestigious journals in economics have previously published there and in which world region they are based. Al­though still high, the concentration of U.S.-based and previously published top-five authors has decreased. This trend is...
Persistent link: https://www.econbiz.de/10011911156