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What’s Wrong with Economic Models? A Response to John Kay

M. WOODFORD. - In: VOPROSY ECONOMIKI 5 (2012)

The article is a response to a polemical essay of J. Kay and his critique of macroeconomic modeling. The author shows that models are an indispensable instrument of economic analysis and that the only alternative would be the formulation and estimation of structural relationships between...

Persistent link: https://www.econbiz.de/10010860893

The Map Is Not the Territory: An Essay on the State of Economics

J. KAY. - In: VOPROSY ECONOMIKI 5 (2012)

The article claims that modern economics is in the state of crisis, because the major macroeconomic theories are in …

Persistent link: https://www.econbiz.de/10010904734

Repensando a teoria pós-keynesiana da acumulação à luz da lei da entropia

Schincariol, Vitor Eduardo - In: Revista Iberoamericana de Economía Ecológica 21 (2013) December, pp. 15-28

O texto propõe uma reavaliação das categorias pós-keynesianas tendo em vista o fenômeno das leis da entropia, tal como definidas por Georgescu-Roegen (1971), propondo a partir daí uma crítica à economia ambiental neoclássica a partir desta reavaliação categorial. Para tanto, faz-se de...

Persistent link: https://www.econbiz.de/10010906145

Mathematical Formalism and Political-Economic Content

D. Foley. - In: VOPROSY ECONOMIKI 7 (2012)

systematically favored certain ideological predispositions of economics as a discipline. There is abundant room for New Thinking in … financial economics from path prediction toward an understanding of the qualitative properties of the system, introduction of …

Persistent link: https://www.econbiz.de/10011007699

Luigi Bodio: promoter of the political and high scientific mission of statistics and pioneer of the international statistical cooperation

Cappiello, Antonio - In: RIEDS - Rivista Italiana di Economia, Demografia e … LXVIII (2014) 3-4, pp. 199-205

Luigi Bodio (1840-1920) was an Italian economist and statistician, considered one of the founders of the Italian Statistics. He was one of the 21 founding members of the International Statistical Institute (ISI) in 1885, ISI Director-General during the first 20 years (1885-1905) and ISI...

Persistent link: https://www.econbiz.de/10011212324

Foundations of the economic and social history of the United States: Empirical

Albers, Scott - Volkswirtschaftliche Fakultät, … - 2013

I argue that a form of consciousness may be found in American economic history, one which is both mathematically demonstrable and important. In this book I present a model of economic and political growth based upon systematic addition. We begin with a philosophic model of trade (pp. 34-46);...

Persistent link: https://www.econbiz.de/10011259667

From Edgeworth to Econophysics: A Methodological Perspective

Drakopoulos, Stavros A.; Katselidis, Ioannis - Volkswirtschaftliche Fakultät, … - 2013

indications of the physics scientific ideal for economics. Subsequent leading theorists were not as explicit, although economic … there are methodological similarities, there are also important differences between mainstream economics and econophysics … their rejection of many standard assumptions of mainstream economics, are examples of such differences. This might also …

Persistent link: https://www.econbiz.de/10011260004

Does “Okun’s Law” state a Pi:1 ratio? Toward a harmonic interpretation of why Okun’s Law works

Albers, Scott; Albers, Andrew L. - Volkswirtschaftliche Fakultät, … - 2013

resulting model of economics in the United States is thereby aligned with geometric, harmonic and trigonometric analysis, rather …

Persistent link: https://www.econbiz.de/10011260122

Predicting crises: Five essays on the mathematic prediction of economic and social crises

Albers, Scott - Volkswirtschaftliche Fakultät, … - 2012

This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic...

Persistent link: https://www.econbiz.de/10011260672

Confronting the Sirens: Rational Behavior in the Face of Changing Preferences

Sally, David - In: Journal of Institutional and Theoretical Economics (JITE) 156 (2000) 4, pp. 684-684

"Men more easily renounce their interests than their tastes." (Rochefoucauld) Consistency and constancy are hallmarks of Odysseus' behavior with respect to the Sirens. The usual reading is that he is a general model of the way all self-control situations should be handled. The alternative...

Persistent link: https://www.econbiz.de/10005241807