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Menger's explanation of the 'Origin of Money' is one of the paradigmatic examples of invisible hand explanations. This … paper examines Menger's explanation in detail and comments on the characteristics of invisible hand explanations. …
Persistent link: https://www.econbiz.de/10005126092
argues that the explanation of emergence of segregation which is based on the checkerboard model is a partial potential … (theoretical) explanation. Yet it is also argued that despite its partiality, the checkerboard model is valuable because it …
Persistent link: https://www.econbiz.de/10005141350
Inheriting a hypothesis from a superior and explaining one's decision may lead to the use of a hypothesis-confirming strategy (Church, 1991; 1990). This study investigates whether generating one's own hypothesis and counterexplaining would mitigate such behaviour among auditing students in a...
Persistent link: https://www.econbiz.de/10005491969
Instead of examining critical realism directly, this essay critically examines claims made by two prominent critical realists, namely Andrew Collier and Tony Lawson, on behalf of their philosophy. These are (a) that critical realism supports Marx's law of the tendency of the rate of profit to...
Persistent link: https://www.econbiz.de/10005496145
Bill yields, this theoretical explanation is incomplete. A broader-based explanation that accounts for government debt and …
Persistent link: https://www.econbiz.de/10005496156
The contrastive approach to explanation is employed to shed light on the issue of the unrealisticness of models and …
Persistent link: https://www.econbiz.de/10005496165
multidimensional analysis is business diagnosis. Diagnosis is defined as finding the “best†explanation of observed symptoms. Todayâ … conventional OLAP system with an explanation formalism, which mimics the work of business decision makers in diagnostic processes …
Persistent link: https://www.econbiz.de/10005451022
This paper argues that, in attempting to provide accurate explanations of economic behavior, economists have to account, in the structures of their models, for the cultural backgrounds of the agents in question. In particular, utility and profit maximization (or their equivalent) cannot be used...
Persistent link: https://www.econbiz.de/10005543583
Persistent link: https://www.econbiz.de/10005597905
Despite intense critique from various parts of the medical professions, Danish hospitals have been subjected to a mandatory accreditation system known as the Danish Quality Model (Den Danske Kvalitetsmodel, DDKM) since 2009. The notion of government assemblage is employed to understand how and...
Persistent link: https://www.econbiz.de/10010743769