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Mainstream economics and the Austrian school [PDF]
In this paper, I compare the methodology of the Austrian school to two alternative methodologies from the economic mainstream: the 'orthodox' and revealed preference methodologies. I argue that Austrian school theorists should stop describing themselves
Adam K. Pham
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The changing face of mainstream economics [PDF]
This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something new. Although that something new has not been fully developed, it is beginning to take form and is centered on dynamics, recursive methods and complexity theory.
David Colander, Ric Holt, Barkley Rosser
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Invisible Ideology of Mainstream Economics: The “Invisible Hand”
The purpose of this article is to show the ideological character of the “invisible hand,” which is the cornerstone of the mainstream economics. The article discusses how the “invisible hand” acts as a cognitive metaphor in mainstream ...
Kavous Ardalan
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Old Institutionalism Vs. Mainstream Economics: An Intellectual [PDF]
In the arena of Economic thought, there has always been some intellectual confrontation between the two major economic schools, i.e. Institutionalism and Neoclassical economics.
Mahmoud Mashhadi-Ahmad
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Interdependent preferences and policy stances in mainstream economics
An individual's preferences are interdependent when they can be influenced by the behaviour of other agents. This paper analyzes the internal dynamics of an approach in contemporary economics allowing for interdependent preferences, the extended utility
François Claveau
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What Mainstream Economics Should Learn From the Ethics of Care
In the long history of philosophical ethics, the emergence of an ethics of care is a recent phenomenon. At its root lies a conception of human behavior that diverges from those prevailing in mainstream economics.
Jérôme Ballet +2 more
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Comparative economics and the mainstream
This essay reviews the complex love-hate relationship between comparative economics, as represented by its most outstanding representative, János Kornai, and mainstream economics, based on rational expectations and general equilibrium theorizing, as represented by Kenneth Arrow and his disciples Paul Samuelson, Olivier Blanchard and the New Keynesian ...
László Csaba
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Economic thought always permeated human living. Economic thought and the development of economics as a discipline in the last few centuries made it central to the world order.
Jasmin Omercic +2 more
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The Fragmentation of the Mainstream and Communication in Economics: A View from the Top
The decline of Neoclassical dominance has paved the way to a more fragmented Mainstream. In this article, we empirically explore the Mainstream’s thematic structure and its fragmentation’s effects on within-discipline communication.
Magda Fontana, Martina Iori
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Throughout history, schools of economic thought have defined political economy—or economics—and its object of study in multiple ways. This paper reflects on the definitions of economics by schools of economic thought and also proposes the concepts of ...
Daniel Durán-Sandoval, Francesca Uleri
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