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The push to pluralise the economic discipline involves making informed decisions about which paradigm to adopt, requiring a deep understanding of each paradigm's characteristics and affiliations. Once paradigmatic choices are made, different theories can either collaborate effectively or require...
Persistent link: https://www.econbiz.de/10014633304
While some economists argued for macro-prudential regulation pre-crisis, the macro-prudential approach and its emphasis on endogenously created systemic risk have only gained prominence post-crisis. Employing discourse and network analysis on samples of the most cited scholarly works on banking...
Persistent link: https://www.econbiz.de/10011474657
In the New England Journal of Medicine, Longo and Drazen critically assessed the concept of data sharing. Their main concern is that a "new class of research person will emerge" that uses data, which were gathered by other researchers, for their own original research questions. The authors...
Persistent link: https://www.econbiz.de/10011479413
The state of contemporary economics had been a subject of discussion even before the most recent global financial crisis. The one-sidedness of the discipline has frequently been lamented and calls are often made for its pluralisation. Nevertheless, there is neither a consensus over the form of...
Persistent link: https://www.econbiz.de/10011480370
In the late 1970s Paul Samuelson drafted the outline of a paper, never published, with a critical assessment of the theoretical innovations of postwar development economics. He found the subject essentially intractable. The present paper discusses how that assessment fits in Samuelson's...
Persistent link: https://www.econbiz.de/10012175059
How do we define what technology is for humans? One perspective suggests that it is a tool enabling the use of valuable resources such as time, food, health and mobility. One could say that in its cultural history, humanity has developed a wide range of artefacts which enable the effective...
Persistent link: https://www.econbiz.de/10012195314
It has often been claimed that services are so much special and featured by challenging characteristics such as "intangibility", "perishability" "simultaneity" and "heterogeneity". This paper will show that indeed services and industrial manufacturing are both featured by same process...
Persistent link: https://www.econbiz.de/10012236854
Pluralism in economics appears to be a double-edged sword: we need more than one theory to grasp and explain the entire economic world, yet a plurality of possible explanations undermines the aspiration of the economic discipline to provide 'objective knowledge' in the singular of the 'one world...
Persistent link: https://www.econbiz.de/10012254839
The official U.S. unemployment rate is an inadequate measure of actual labor market conditions. This poses a major challenge for researchers and confuses both the public and policy makers. A new definition of unemployment is proposed. It considers those part-time workers who would like to work...
Persistent link: https://www.econbiz.de/10012269453
Mitigating climate change requires information about the inequality in energy consumption. Recent contributions (Banerjee and Yakovenko, 2010; Lawrence et al., 2013; Yakovenko, 2010, 2013) have studied energy inequality through the lens of maximum entropy. They claim a weighted international...
Persistent link: https://www.econbiz.de/10012388905