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Mainstream Economics and Sense-Making
Integrative Psychological and Behavioral Science, 2009This work presents a semiotic approach to the economy, underlining that any economic phenomena is at the same time a communicative act as it is contingent to sense-making. The article discusses this topic by focusing on a specific phenomenon studied by economics: the underground economy. It shows that the conceptualization of the underground economy in
SALVATORE, Sergio +3 more
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2020
In this chapter, Roos and Hoffart provide a formal exposition of William D. Nordhaus’ DICE model. The DICE model is the workhorse model in mainstream climate economics. It triggered a lot of research, is used as a canonical model in teaching and is also the basis for policy recommendation.
Michael Roos, Franziska M. Hoffart
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In this chapter, Roos and Hoffart provide a formal exposition of William D. Nordhaus’ DICE model. The DICE model is the workhorse model in mainstream climate economics. It triggered a lot of research, is used as a canonical model in teaching and is also the basis for policy recommendation.
Michael Roos, Franziska M. Hoffart
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Mainstreaming Behavioral Economics
Journal of Economic Methodology, 2014In the early 1980s, behavioral economics developed as a small program that sought to apply the experimental results of psychologists Daniel Kahneman and Amos Tversky to the study of financial marke...
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Mainstream Approaches to Economics
2001Economic theories do not just appear in a void. They grow out of foundations laid in the past and reflect changing economic circumstances. Adam Smith, whom we met in Chapter 2 is often called the ‘father’ of economics. His great book The Wealth of Nations was written in 1776 at a time when Britain was experiencing the first industrial revolution ...
Brian Atkinson, Susan Johns
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Rationalism and mainstream economics
Journal of Economic Methodology, 2003It is generally agreed that mainstream economics follows John Stuart Mill's economic methodology. Since Mill's deductivist methodology was explicitly anti‐empirical, this raises the question of to what degree economics is an empirical science. To help answer this question, Gerald Holton's notion of themata is introduced.
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Domestic statistics and mainstream economics
POWER AND ADMINISTRATION IN THE EAST OF RUSSIA, 2022Theoretical statements of the classics of the «mainstream» of economy, presented in the form of econometric formulas, should be confirmed by empirical studies on the indicators of modern statistics. Domestic statistics, based on the traditions of planned economy, completes the transition to international data production standards.
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Is ‘new’ behavioral economics ‘mainstream’?
Journal of Economic Methodology, 2017AbstractWhen comparing ‘new’ and ‘old’ behavioral economics (BE), many argue that ‘new’ BE has close ties with what is often called ‘mainstream’ economics. The aim of this paper is to reframe the ‘old’ vs. ‘new’ BE debate and investigate the nature of the relationship between psychologists, behavioral economists, and ‘mainstream’ economists.
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Mainstream Economics' Flight from Complexity
Forum for Social Economics, 2015By the late 1800s, Walras' mathematical model of a market system and Marshall's detailed description of individual markets captured the thought processes of most economists, and since then the quest for mathematical precision and the emphasis on mechanics over realism have further narrowed the scope of economic analysis.
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