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Why the Forecasting Failure? A Hayekian and ‘Keynesian’ Answer

Giocoli, Nicola - 2015

The dismal performance of professional economic forecasters to foresee the financial crisis has raised serious questions as to the credibility of modern economics. Several efforts have been made to account for this failure. The paper offers a tentative answer based on the lessons that may be...

Persistent link: https://www.econbiz.de/10013030380

Economics and reality

Uhlig, Harald - In: Journal of Macroeconomics 34 (2012) 1, pp. 29-41

thinking and theory. In particular, which role do calibration, statistical inference, and structural change play? What is the …

Persistent link: https://www.econbiz.de/10010574762

Methodology and microeconomics in the early work of Hyman P. Minsky

Toporowski, Jan (contributor) - 2006

This paper reviews the recently published doctoral thesis of Hyman P. Minsky, summarizing its main contributions to methodology and microeconomics. These were aspects of economics with which Minsky is not usually associated, but which lie at the foundation of his later work. They include...

Persistent link: https://www.econbiz.de/10003720892

The Rise and Fall of Walrasian Microeconomics : The Keynesian Effect

Hands, D. Wade - 2010

equilibrium theory passed its zenith in microeconomics at some point during the 1980s. This paper does not challenge either of … important relationships between Keynesian economics and Walrasian microeconomic theory that have not generally been recognized … within the literature. The first is that influence ran not only from Walrasian theory to Keynesian, but also from Keynesian …

Persistent link: https://www.econbiz.de/10014203551

Methodology and Microeconomics in the Early Work of Hyman P. Minsky

Toporowski, Jan - 2006

This paper reviews the recently published Ph.D. thesis of Hyman P. Minsky, summarizing its main contributions to methodology and microeconomics. These were aspects of economics with which Minsky is not usually associated, but which lie at the foundation of his later work. They include critical...

Persistent link: https://www.econbiz.de/10014054337

Použtí (mikro)ekonomické metodologie při tvorbě a interpretaci soukromého práva

Richter, Tomáš (contributor) - 2008

of reference used by lawyers, without it, legal theory, in particular in the private law field, will be incomplete while …

Persistent link: https://www.econbiz.de/10003721293

Keynes's investment theory as a micro-foundation for his grandchildren

Nisticò, Sergio - 2020

In contrast with the "missing micro-foundations" argument against Keynes’s macroeconomics, the paper argues that it is …’s understanding of investors’ behaviour that can be fruitfully extended to consumption theory, in a context in which consumers are …

Persistent link: https://www.econbiz.de/10012251276

Keynes's investment theory as a micro-foundation for his grandchildren

Nisticò, Sergio - 2020

In contrast with the "missing micro-foundations" argument against Keynes's macroeconomics, the paper argues that it is …'s understanding of investors' behaviour that can be fruitfully extended to consumption theory, in a context in which consumers are …

Persistent link: https://www.econbiz.de/10012173825

Microeconomics, Norms, and Rationality

Field, Alexander J. - 2009

Norms established through the process of socialization, perhaps voluntarily accepted or affirmed, perhaps building on certain genetic predispositions, provide part of the framework within which individuals pursue their self interest. Intellectually defensible microeconomic analysis, in its...

Persistent link: https://www.econbiz.de/10014219433

Macroeconomics before microeconomics : a sceptic's guide to macroeconomics

Milgate, Murray; Eatwell, John - In: Pasinetti and the classical Keynesians : nine …, (pp. 157-186). 2021

Persistent link: https://www.econbiz.de/10013198819