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Mainstream Economics and Energy
2016You readers, having got this far, may wonder why I did not include a section under this heading in Chap. 3, or (on the other hand) why I think that such a section is now relevant. The reason is, simply, that the laws of thermodynamics are central to everything that happens; whereas the core ideas of economic theory (up to now) have never included, or ...
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The Appeal of Mainstream Economics
2012Part of our knowledge we obtain direct; and part by argument. The Theory of Probability is concerned with that part which we obtain by argument, and it treats of the different degrees in which the results so obtained are conclusive or inconclusive.
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The Bankruptcy of Mainstream Economics
Monthly Review, 1992Review of The Age of Diminished Expectations: U.S. Economic Policy in the 1990s by Paul Krugman. This article can also be found at the Monthly Review website , where most recent articles are published in full. Click here to purchase a PDF version of this article at the Monthly Review website.
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A synthesis of behavioural and mainstream economics
Nature Human Behaviour, 2019Mainstream economic theory is based on the rationality assumption: that people act as best they can to promote their interests. In contrast, behavioural economics holds that people act by behavioural rules of thumb, often with poor results. We propose a synthesis according to which people indeed act by rules, which usually work well, but may work ...
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Mainstream economics and its rivals
2016Introduction Like the Marxist tradition, mainstream economics is deeply flawed, far too deeply flawed to provide the basis for a viable political economy. Yet like the Marxist tradition it contains elements that could be relocated into a different framework and reused productively in an alternative political economy.
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Some Conundrums of Mainstream Economics
2021It is not accurate to accept economics as a science akin to physics, chemistry or mathematics where definite results can be generated. Furthermore, it can be misleading to define it as a social science independent of ideologies that are shaped over current class conflicts or the ascribed set of values of the capitalist society or the set of social ...
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Economic Education and the Critics of Mainstream Economics
The Journal of Economic Education, 1988This defense of “mainstream” economics by one of its most distinguished practitioners is a rejoinder to the criticisms expressed at the Scope conference (the proceedings of that conference were published in the spring 1987 issue of the JEE).
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Mainstream economics toolkit within the ecological economics framework
Ecological Economics, 2018Abstract Development of ecological economics was a response to the environmental crisis born by the economic growth. Ecological economics, in contrast to mainstream economics, is characterized by value pluralism and interdisciplinary approach that makes it hard to achieve methodological unanimity.
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