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This article comprises an up-to-date critical review of the field known as Economic Methodology or Philosophy of Economics (EM/PE). Two edited volumes (Kincaid and Ross 2021; Heilmann and Reiss 2021), a special issue of the Journal of Economic Methodology (2021), and a recent bibliometric analysis...
Persistent link: https://www.econbiz.de/10014255773
It can hardly be denied that perhaps the most serious challenge to mankind has not yet been addressed properly by post-Keynesianism: the over-stretching of our planetary boundaries. Most of the resources which we need to sustain our lives are non-renewable and, therefore, limited. And most of...
Persistent link: https://www.econbiz.de/10014305163
This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late 1980s, we single out the role of peculiar German traditions in spreading CBI across continental Europe, while its...
Persistent link: https://www.econbiz.de/10013137077
Persistent link: https://www.econbiz.de/10011956369
Resistance to change is not a new concept in economic literature (Coch and French 1948, Boulding 1956). However, in the last few decades it has acquired specific connotations and meanings that deserve attention. The first aim of the paper is to analyze how the concept has evolved since its...
Persistent link: https://www.econbiz.de/10005835904
approaches to organization of economic affairs. Neoclassical theory is centered around the acquisitive instinct of humans, and … choose between the two; their behavior is not subject to mathematical laws postulated by neoclassical economic theory. The …
Persistent link: https://www.econbiz.de/10005836356
In an institutional framework, intangible Asset Accountancy is a convenient thing for business, but it does not necessarily find a worth theoretical justification. Within perfect information and continuous activity assumptions, it remains demonstrated that the concept of intangible stands for a...
Persistent link: https://www.econbiz.de/10005836926
We analyse the relationship between socio-economic variables and health outcomes for adult participants in three waves of the British Household Panel Survey from 1999 to 2001. We adopt Sen’s capability approach and compute a capability index ranking individuals on the basis of their ability to...
Persistent link: https://www.econbiz.de/10005839195
The main objective of this paper is to discuss the role of evaluative incompleteness in the work of Amartya Sen. In section 2, we consider Sen’s distinction between optimising or perfect choices and maximising or acceptable choices, showing it is based on a restrictive interpretation of...
Persistent link: https://www.econbiz.de/10010678558
The core problem of economics is that the representative economist never managed to keep political and theoretical economics properly apart. The mixture is toxic indeed. As Joan Robinson said about what parades as economics: Scrap the lot and start again. Yet, the question then arises where to...
Persistent link: https://www.econbiz.de/10011145375