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Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa's economy is the least developed...
Persistent link: https://www.econbiz.de/10013074888
Persistent link: https://www.econbiz.de/10003672445
Dieser Beitrag skizziert das ordonomische Forschungsprogramm einer ökonomischen Theorie der Moral und stellt die …This paper argues that the ordonomic research program of an economic theory of morality provides important insights for …
Persistent link: https://www.econbiz.de/10011786017
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014531967
In 2005 I wrote a letter to the Financial Times describing the unsustainable nature of the financial instruments (derivatives) then being sold as insurance to protect investors from losses in other assets, failure of institutions and other untoward events. The complexity of these instruments and...
Persistent link: https://www.econbiz.de/10013089816
Thomas Piketty's widely-noted and bestselling book, Capital in the Twenty-First Century, does much to advance our empirical understanding of rising high-end wealth concentration, which is one of the central issues of our time. But its theoretical approach and policy recommendations differ...
Persistent link: https://www.econbiz.de/10013044641
In this essay the Author traces back the modern standard theory of economic rationality to the theological backgrond of … an identifiable theological background of modern economic theory of rationality, and that it is this theological … behavior of economic agents, but to develop a different ontology, and to reframe, within it, a newer theory of rationality …
Persistent link: https://www.econbiz.de/10013122582
far choices are from a given theory. Recent work has investigated the correlation between measures of rationality and … measure rationality -- percentage expenditure vs dollars expenditure. We find that correlations can change sign when we change …
Persistent link: https://www.econbiz.de/10012869086
In this paper we critically review the literature on rational choice theory (RCT) and the critical approaches to it. We … will present a concise description of the theory as defended by Gary Becker, Richard Posner and James Coleman (as well as … rationality or if they constitute rational responses to the scarcity of information, time and energy. In our discussion we will …
Persistent link: https://www.econbiz.de/10014190167
One of the main achievements of Herbert A. Simon in organizational theory is analytically evaluating the psychology of … provides an assessment of the contributions of Simon's theory of organizations with special emphasis on the criterion of … bounded rationality. It is interpreted Simon's criticism of the orthodox version of organizational bureaucracy and extends his …
Persistent link: https://www.econbiz.de/10013145297