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This paper suggests that heterodox economists should not think of themselves as economists first, and only secondarily as heterodox, and must emphasize methodological issues, in particular the different assumptions (or axioms) implicit in their theories vis-àvis the mainstream. The paper argues...
Persistent link: https://www.econbiz.de/10003958093
This paper provides a rejoinder to Colander, Holt and Rosser (2010) strategy to win friends and influence mainstream economics. It is suggested that their strategy is counter-productive, and while it might gain them friends, it will not lead to increased influence of heterodox ideas within what...
Persistent link: https://www.econbiz.de/10009247020
Macroeconomics must take radical uncertainty into account, if it aims at contributing to the solution of serious real-world problems such as climate change. Allowing for radical uncertainty must happen at two levels: the level of modeling and the level of the scientific discipline. I argue that...
Persistent link: https://www.econbiz.de/10011404265
Efficient progress of the monetary theory of production (MTP) is hampered by an unsatisfactory account of how profit and interest emerge in the monetary circuit. As matter of fact, this question puzzled already the classics. It seems evident that it cannot be answered by applying the usual...
Persistent link: https://www.econbiz.de/10013085211
Macroeconomics must take radical uncertainty into account, if it aims at contributing to the solution of serious real-world problems such as climate change. Allowing for radical uncertainty must happen at two levels: the level of modeling and the level of the scientific discipline. I argue that...
Persistent link: https://www.econbiz.de/10013000554
A robust and critical post-Keynesianism can be specified on the basis of time, uncertainty, and the investigation of the institutions that structure material life, without presupposing what those institutions are. This paper criticises the inclusion in influential presentations of the axiomatic...
Persistent link: https://www.econbiz.de/10013150394
Two main paradigms split the core of the debate on governance structures: the maxi-minimizing and the satisfacing paradigms. Some differences between the two has been hidden by the (only apparently) similarity of the quot;maximumquot; and quot;maximalquot; concepts. If the maximizing behavior...
Persistent link: https://www.econbiz.de/10012773565
According to the standard narrative, economics is an objective and scientific study of universal laws applicable to economic affairs of modern societies. After a brief introduction, the second section of the paper presents a counter-narrative which disputes this claim, and provides an...
Persistent link: https://www.econbiz.de/10012894183
According to the standard narrative, economics is an objective and scientific study of universal laws applicable to economic affairs of modern societies. After a brief introduction, the second section of the paper presents a counter-narrative which disputes this claim, and provides an...
Persistent link: https://www.econbiz.de/10012895068
Arabic Abstract: تقدم الورقة إجابات مختصرة ومركزة عن التساؤلات المقدمة من هيئة تحرير المجلة؛ التي تتمحور حول انطلاقة البناء المنهجي للاقتصاد الإسلامي ومرتكزاته. تؤكد...
Persistent link: https://www.econbiz.de/10012857683