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The purpose of the paper is to explore the potential for applying fuzzy logic to economic decision-making under Keynesian uncertainty, and in particular to circumstances where variety of opinion is important. Fuzzy logic is shown to apply where expectations may differ because the nature of the...
Persistent link: https://www.econbiz.de/10005770736
After sixty years of predominance in the western countries, both the objective of economic growth and its core measure, the Gross Domestic Product (GDP), have been questioned. It no longer seems consistent to maintain growth as a societal goal and to keep GDP as the major reference for...
Persistent link: https://www.econbiz.de/10008505493
This essay mainly concerns the foundation of a method of inquiry appropriate to the study of social reality. It starts from a criticism of Boudon-Weber's cognitivist method, the lacks of which seem particularly qualified for underlining the methodologic difficulties afflicting social thought....
Persistent link: https://www.econbiz.de/10008540104
Transition is not just transition of formal institutions, convergence of price levels and living standards. The closure or the gap in formal institutions is probably less time demanding than the closure of ideological or mental gap, created in many fields in academy or social life. Social...
Persistent link: https://www.econbiz.de/10004977316
Despite its important contributions to economic thought, namely in the field of spatial economics and economics of development, François Perroux, one of the most important French economists of the 20st century, remains today poorly appreciated and frequently unrecognized. This paper tends to...
Persistent link: https://www.econbiz.de/10005004758
This essay is a comment on“The Citation Impact of Feminist Economics”by Frances Woolley, which appeared in Feminist Economics, Vol. 11, No. 3, November 2005. This contribution comments on Frances Woolley's recent Feminist Economics article, “The Citation Impact of Feminist Economics.” It...
Persistent link: https://www.econbiz.de/10005484790
Feminist economics is a transformative project. However, transformation generates resistance. Feminist economics can be deliberately excluded, co-opted through an uncritical application of rational choice theory, or ignored. And feminist economics can be listened to: when the United Nations...
Persistent link: https://www.econbiz.de/10005446601
Robert Skidelsky, author of a key biography of Keynes, notes in this biography that Keynes’s relationship to modernism is crucial to the understanding of his work, yet difficult to grasp historiographically. This may be true if one seeks to uncover influences from modernism as as a...
Persistent link: https://www.econbiz.de/10005418884
The concept of bounded rationality has been at the forefront of a recent empiricist program in economics which under the heading of ‘behavioral economics ‘ seeks to broaden the rational choice paradigm in the direction of psychology, to the neglect of a similar broadening in the direction of...
Persistent link: https://www.econbiz.de/10005418889
This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit...
Persistent link: https://www.econbiz.de/10005620036