Similar Search Results

First principles, fallibilism, and economics

Hoover, Kevin D. - 2017 - Revised, 1 January 2017

The role of first principles in economics is examined through the lens of dominant methodological approaches of the classical and neoclassical periods. First principles are most clearly displayed in pure deductive systems. The tension between first principles as the basis for deductivist...

Persistent link: https://www.econbiz.de/10011610133

Is Mainstream Economics a Science Bubble?

Davis, John B. - 2017

This paper uses George Soros' theory of boom--bust cycles to argue that mainstream economics, as built on Samuelson's Foundations, followed such a cyclical prototype. It underwent a reflexive, positive feedback pattern of development before 1980 followed by a reflexive, negative feedback pattern...

Persistent link: https://www.econbiz.de/10012946337

Solow's Harrod : Transforming Cyclical Dynamics into a Model of Long-Run Growth

Halsmayer, Verena - 2013

Modern growth theory derives mostly from Robert Solow's “A Contribution to the Theory of Economic Growth” (1956). Solow's own interpretation locates the origins of his “Contribution” in his view that the growth model of Roy Harrod implied a tendency toward progressive collapse of the...

Persistent link: https://www.econbiz.de/10013084232

From Long-Run Utopia to Technical Expertise : Solow's Growth Model as a Multipurpose Design

Halsmayer, Verena - 2014

Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning “design” model that served many different purposes. As a working object it enabled...

Persistent link: https://www.econbiz.de/10013054604

Domar, expectations, and growth stabilization

Boianovsky, Mauro - 2020 - First preliminary draft, August 2020

Evsey Domar put forward in a couple of articles in the 1940s a "guaranteed income growth proposal." For the first time in macroeconomics, economic policy was supposed to work merely through the impact of its announcement on expectations. He claimed that optimistic expectations of income growth...

Persistent link: https://www.econbiz.de/10012257524

Solow’s Harrod : transforming cyclical dynamics into a model of long-run growth

Halsmayer, Verena; Hoover, Kevin D. - 2013

Modern growth theory derives mostly from Robert Solow's "A Contribution to the Theory of Economic Growth" (1956). Solow's own interpretation locates the origins of his "Contribution" in his view that the growth model of Roy Harrod implied a tendency toward progressive collapse of the economy. He...

Persistent link: https://www.econbiz.de/10011707818

Was Harrod right?

Hoover, Kevin D. - 2012

Persistent link: https://www.econbiz.de/10011708239

The sweet-and-sour soup of Michał Kalecki's political economy

Sulejewicz, Aleksander - In: International journal of management and economics 56 (2020) 3, pp. 275-279

Leszek Jasiński [2019] attempts, as the title indicates, "a reading after half a century" of Michał Kalecki's thought. We dispute the main claim in the book, i.e. that Kalecki has a firm place in contemporary mainstream economics and was the originator of many ideas generally accepted today....

Persistent link: https://www.econbiz.de/10012303050

Kinds of scientific rationalism : the case for methodological liberalism

Scheall, Scott - 2015 - Draft as of 5/21/2015

scientific rationality. If science is complex in Hayek's sense, then scientific belief may be rational in more than one way. It … is argued that a failure to recognize the possibility of multiple kinds of scientific rationality contributes to an error … that, where ecological rationality is operative, rational belief requires an element of methodological liberty. It is shown …

Persistent link: https://www.econbiz.de/10011602806

Kinds of Scientific Rationalism : The Case for Methodological Liberalism

Scheall, Scott - 2015

scientific rationality. If science is complex in Hayek’s sense, then scientific belief may be rational in more than one way. It … is argued that a failure to recognize the possibility of multiple kinds of scientific rationality contributes to an error … that, where ecological rationality is operative, rational belief requires an element of methodological liberty. It is shown …

Persistent link: https://www.econbiz.de/10014135024