A conclusion has been drawn that the economic theory suffers from syndrome of methodological insufficiency, which could be overcome by apply fully the systematic approach. With regard to this, the need to apply mathematical modelling has been justified, as well as the introduction of new terms...

In this paper we deal with two questions, (i) what are the origins of the current financial crisis, and (ii) what did economists contribute, or why did economists fail to provide a convincing answer for the origins of the crisis, and possible solutions to overcome it? Apparently, the economics...

Dans ce texte nous revoyons certains developpements recents de l'econometrie qui peuvent etre interessants pour les chercheurs dans des domaines autres que l'economie et nous soulignons l'eclairage particulier que l'econometrie peut jeter sur certains themes generaux de methodologie et de...

Opinion is divided on whether it is better to have a single world   money or variable exchange rates.  Pope, Selten and von Hagen (2003)   propose that fresh light would be shed via an analysis that allows   for seven complexity impacts on the exchange rate that are   underplayed...

Considering the rise of the discussion about the rethoric of economics at the beginning of the 80's, the present paper aims to show: 1) the relation between the origin of this issue in the academic field and the ascension of the so labeled "neoliberalism" as a doctrine and a collection of...

In this paper we analyze the concept of capital, using as starty point the Cambridge Controversies in the theory of capital. In the first section, we present neoclassical views regarding the concept of capital, mensuration of marginal product of capital and the theories of distribution,...

Several authors have detected a paradigm shift in contemporary science: from a reductionist or mechanicist approach to a holistic or systemic one. This transition in paradigms should be perceptible in several disciplines, starting in biology and extending itself to others areas. In light of the...

The article argues the need to preserve the pluralism in economics. The article examines: i) the nature of the knowledge and of its production; ii) the specificity of the knowledge production in economics and the historical and cultural conditionings of the knowledge; iii) the implications of the...

Amidst the economists that are concerned about the method, it is common to make reference on the subject of a new economic methodology. It was from the deception and the abandon of the search toward a unique criterion to give scientific status to research programmes that this new movement came...

This paper examines Adam Smith's understanding of the philosophy and science, the motivations that lead us to investigate nature and society, and the proper methods of investigation and exposition. The paper also criticizes those authors that interpret Smith's work as an example of the...