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The number of interdisciplinary studies in the economics literature is increasing in the recent years. The reason for this increasing interest is the inadequecy of the linear and static models of classical economics for representing the complex structures of the real world. Economy is composed...
Persistent link: https://www.econbiz.de/10009704284
The impact that the retail format has on the level of individual motivation tends to be overlooked in discussions of the determinants of organic consumption, this neglect due to the tendency to model individual and contextual factors separately. Hence, the dominant research paradigm has...
Persistent link: https://www.econbiz.de/10010252388
This short review presents a selected history of the mutual fertilization between physics and economics, from Isaac Newton and Adam Smith to the present. The fundamentally different perspectives embraced in theories developed in financial economics compared with physics are dissected with the...
Persistent link: https://www.econbiz.de/10010411863
Persistent link: https://www.econbiz.de/10013118928
This paper investigates the relationship between methodological individualism (MI) and Agent-Based Simulation (ABS). We discuss and analyze a thesis defended by philosophers Caterina Marchionni and Petri Ylikoski (2013). The thesis maintains that, since MI is often considered to be a...
Persistent link: https://www.econbiz.de/10012941745
This paper presents an overview of how agent-based computational economics (ACE) can contribute to the study of economic systems both at the macro and the micro level. It highlights the way these models can improve our understanding of social interactions and coordination mechanisms and bring...
Persistent link: https://www.econbiz.de/10012868483
This research project contributes to the theory of exchange rate zones, following Krugman's iconic 1991 paper. Topics covered include: discrete and continuous stochastic models, target zone and fx barrier life expectancy, speculative and quot;secularquot; attacks, multiband systems, credibility,...
Persistent link: https://www.econbiz.de/10012714499
This paper investigates the relationship between methodological individualism (MI) and Agent-Based Simulation (ABS). We discuss and analyze a thesis defended by philosophers Caterina Marchionni and Petri Ylikoski (2013). The thesis maintains that, since MI is often considered to be a...
Persistent link: https://www.econbiz.de/10011760027
Die moderne Volkswirtschaftslehre wirkt auf andere Wissenschaften, auf die Gesellschaft und die Politik ein. Im Kontext dazu wird in dem Paper das disziplinäre Selbstverständnis von Ökonominnen und Ökonomen herausgearbeitet, wie es den wichtigsten Lehrbüchern des Faches inhärent ist....
Persistent link: https://www.econbiz.de/10011957937
The article analyzes the results of the jubilee X International Symposium on Evolutionary Economics “The Evolution of Economic Theory: Reproduction, Technology, Institutions”. The main scientific and organizational challenges in the field of evolutionary economics are discussed, promising...
Persistent link: https://www.econbiz.de/10011007744