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Marshall, who plays an outsized role in Friedman’s self-conception of economics and economic theory. I also show that Stigler …
Persistent link: https://www.econbiz.de/10014196420
is exemplified by Jaroslav Vanek's (1970) The General Theory of Labor-Managed Market Economies, and the latter approach …
Persistent link: https://www.econbiz.de/10014075872
When it comes to finding whether a firm has violated antitrust law, economists are often called upon as expert witnesses by the parties involved in litigation. This paper focuses on a challenge that economists may face when appearing as expert witnesses in US federal courts, namely to comply...
Persistent link: https://www.econbiz.de/10014077259
Models of ethical voting, in which individuals derive intrinsic utility from “doing their part” by voting in elections, have been proposed as an explanation for the “voting paradox” (why people vote if the probability of being pivotal is negligible). I show that the set of equilibria of...
Persistent link: https://www.econbiz.de/10014109787
Historians of the social sciences and historians of economics have come to agree that, in the United States, the 1940s transformation of economics from political economy to economic science was associated with economists' engagements with other disciplines — e.g. mathematics, statistics,...
Persistent link: https://www.econbiz.de/10012998236
The search is on for low cost collaborative learning models that foster creative cooperation and growth through spontaneous competition. I propose that a traditional renga competition for stakes can fulfill several of those goals at once. “Capitalistic Crisis,” composed by five undergraduate...
Persistent link: https://www.econbiz.de/10013053978
three dimensions (corresponding to action theory, ethics and philosophy of science) and that (2) the interest for general …
Persistent link: https://www.econbiz.de/10013248731
While policy measures affect the welfare of nations, the practice of policy advice is determined by complex rules. Evidence-based scientific policy advice gives weight to hard empirical facts and restrictions. The lecture discusses challenges and conditions for success and provides suggestions...
Persistent link: https://www.econbiz.de/10010410359
While policy measures affect the welfare of nations, the practice of policy advice is determined by complex rules. Evidence-based scientific policy advice gives weight to hard empirical facts and restrictions. The lecture discusses challenges and conditions for success and provides suggestions...
Persistent link: https://www.econbiz.de/10010457895
the 'theory first' versus the 'data first' perspectives in the context of a broader methodological framework with a view … of economic theories. -- Econometric methodology ; 'general-to-specific' ; pre-eminence of theory ; cointegrated VAR … ; statistical adequacy ; realisticness of a theory ; statistical model ; actual versus nominal error probabilities …
Persistent link: https://www.econbiz.de/10003830185