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Săvoiu, Gheorghe; Dinu, Vasile - In: Amfiteatru Economic Journal 17 (2015) 39, pp. 776-798

paradoxes in economic theory. The first section describes a necessary investigation in the synthesized universe of paradoxes, to … exposition of economics theory and the third section reveals the concept of meson economics and the principles of that economy …

Persistent link: https://www.econbiz.de/10011724973

Economic paradoxism and meson economics

Săvoiu, Gheorghe; Dinu, Vasile - In: Amfiteatru economic : an economic and business research … 17 (2015) 39, pp. 776-798

Persistent link: https://www.econbiz.de/10011822357

The Freedom of the Prices : Hayek and Jewkes on Egalitarianism and Freedom of Occupation

Makovi, Michael - 2016

Milton Friedman (1962) famously argued there can be no freedom of speech where the government owns the printing presses. According to Friedman, political freedom presupposes economic freedom. Less well-known are F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing...

Persistent link: https://www.econbiz.de/10014124897

Let's Take the Bias Out of Econometrics

Qin, Duo - 2017

This study exposes the specious quality of ‘endogeneity bias'. It reviews how conceptualisation of the bias has evolved to embrace all major econometric problems, despite extensive lack of hard evidence. It reveals the crux of the bias – a priori rejection, as conditionally invalid, of...

Persistent link: https://www.econbiz.de/10012965988

Agent-Based Computational Economics (ACE) and African Modelling : Perspectives and Challenges

Nwaobi, Godwin Chukwudum - 2011

In recent years, the government, of African Countries has assumed major responsibilities for economic reforms and growth. In attempting to describe their economies, economists (policymakers) in many African Countries have applied certain models that are by now widely known: Linear programming...

Persistent link: https://www.econbiz.de/10013117492

Time to Demystify Endogeneity Bias

Qin, Duo - 2015

This study exposes the flaw in defining endogeneity bias by correlation between an explanatory variable and the error term of a regression model. Through dissecting the links which have led to entanglement of measurement errors, simultaneity bias, omitted variable bias and self-selection bias,...

Persistent link: https://www.econbiz.de/10013013051

Asset Price Trend Theory : Reframing Portfolio Theory from the Ground Up

Dubois, Robert - 2013

Traditional portfolio optimization models specify placement of capital as rather irrevocably and fully at risk through investment horizon(s) or continuously. Under this constraint, asset class allocation typically serves as primary mode of diversification, pursuing risk moderation by seeking to...

Persistent link: https://www.econbiz.de/10013084090

Further to Asset Price Trend Theory : Decision Making, Optimization, Fears and Aspirations, and Notions of Market Efficiency

Dubois, Robert - 2014

the constraint that assets be fully and continuously invested is inconsistent with basic decision theory, as it disallows … in finance. We herein explore implications for the traditional ‘52'59 Markowitz approach to portfolio theory when the … incomplete Markowitz model. Relative to “Asset Price Trend Theory: Reframing portfolio theory from the ground up” (Dubois [2013 …

Persistent link: https://www.econbiz.de/10013049923

Does “Okun’s Law” state a Pi:1 ratio? Toward a harmonic interpretation of why Okun’s Law works

Albers, Scott; Albers, Andrew L. - 2013

In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869-present, may be structured in recurring 14-year periods. A steady-state rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden...

Persistent link: https://www.econbiz.de/10015236078

Does “Okun’s Law” state a Pi:1 ratio? Toward a harmonic interpretation of why Okun’s Law works

Albers, Scott; Albers, Andrew L. - Volkswirtschaftliche Fakultät, … - 2013

Persistent link: https://www.econbiz.de/10011260122