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Einfache Lehrbuchmodelle liefern widersprüchliche Aussagen zu den Wirkungen eines arbeitssparenden technischen Fortschritts auf die Löhne. Ein Modell der offenen Volkswirtschaft mit zwei Diversifizierungskegeln zeigt verschiedene Möglichkeiten auf, wie der arbeitssparende technische...
Persistent link: https://www.econbiz.de/10010273179
A major criticism against staggered nominal contracts is that they give rise to the so called "persistency puzzle" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly asserted that, in the context of the new Phillips...
Persistent link: https://www.econbiz.de/10010273181
Persistent link: https://www.econbiz.de/10010273184
The notion of networks is frequently used by social science scholars in order to explain various forms of social and economic linkages. In this Working Paper, I question why it is that we have replaced older notions of sociality such as culture, community, or group with network, and what the...
Persistent link: https://www.econbiz.de/10010273191
that focuses on the connection between liberal theory and the practices of liberal agency. In this view liberal theorising …
Persistent link: https://www.econbiz.de/10010273209
that financial markets are embedded in economics rather than in soci-ety (as scholars of the New Economic Sociology would … have it). Coming from actor-network theory, the literature contributes conceptually to an extended ontology of markets and … potentially have on the macrodynamics of financial markets. In some cases financial markets can even be performed by economics …
Persistent link: https://www.econbiz.de/10010273237
, most importantly, our better understanding of economics in general require that we rethink the role of international … address these questions from the perspective of the theory of international public goods, which is a powerful way to organise …
Persistent link: https://www.econbiz.de/10010273273
Political opposition to technical change is not a new phenomenon; at the plant level, organised labour has often resisted implementation of new technologies, as is exemplified by the Luddites in the nineteenth century, the dockers' strikes against the use of containers in Britain in the early...
Persistent link: https://www.econbiz.de/10010273279
have declined sufficiently, to wait for the predictions of the neo-classical theory of factor mobility to materialise …. According to this theory, production factors respond to market disequilibrium by moving from regions in which they are abundant …
Persistent link: https://www.econbiz.de/10010273301
In the last decade or so, growth has come to occupy an increasingly important place among the interests of macroeconomists, displacing to some extent their previous preoccupation with the business cycle. This change is largely due to two factors. The first one is the realisation that, in terms...
Persistent link: https://www.econbiz.de/10010273303