Results 1 to 10 of about 110,298 (294)
UNINVITED GUESTS: A THERMODYNAMIC APPROACH TO RESOURCE ALLOCATION
A theory of resource allocation is emerging from the science of nonequilibrium thermodynamics (NET). The deterministic and reductionist version of NET (DARNET), like neoclassical economics, is functionally simple; however, unlike neoclassical economics ...
Joseph H. Vogel
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William Stanley Jevons and Francis Ysidro Edgeworth: Two Pioneers of Happiness Economics [PDF]
This paper opens up with some issues which are fundamentally relevant to how Happiness Economics studies are presently conducted, and then sets out to show that for prominent neoclassical authors W. S. Jevons and F. Y. Edgeworth the object of Economics
Ansa Eceiza, Miren Maite +1 more
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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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UNIFORMITY ASSUMPTIONS AND THE MUSGRAVE MÄKI-HINDRIKS DEBATE [PDF]
In this paper I address the problem of the unrealisticness of assumptions in neoclassical economics . Being accused of using highly unrealistic assumptions in its models, neoclassical economics replied through what later was called the F-twist.
Mihai Ungureanu
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Is, Could Be or Will Be There Globalisation Economics?
In the globalising world economy the framework of neoclassical economics is more and more elusive. Such basics of neoclassical economics are being questioned - like the corporation personified by the rational decision maker, the idea that macro economy ...
László Tóth
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Experimental Tests of the Moms Economicus
This article has multiple objectives. It seeks to identify those assumptions of neoclassical economics which are vindicated by experimental tests and those which fail such tests.
Abdullah Yavas
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A közgazdaságtan elfeledett fogalmai: föld és járadék a 21. században
According to several models in modern neoclassical economics the two major factors of production are labor and capital. This seemingly useful simplification is the innovation of neoclassical economics: thinkers of the 18-19th century considered land as a
Oláh, Dániel
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The 2008 financial crisis and neoclassical economics
The 2008 global financial crisis was the consequence of the process of financialization, or the creation of massive fictitious financial wealth, that began in the 1980s, and of the hegemony of a reactionary ideology, namely, neoliberalism, based on self ...
Luiz Carlos Bresser-Pereira
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Cooter and Rappoport on the Normative [PDF]
In a recent examination of the origins of ordinal utility theory in neoclassical economics, Robert D. Cooter and Peter Rappoport argue that the ordinalist revolution of the 1930s, after which most economists abandoned interpersonal utility comparisons as
Davis, John B.
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The Post Covid-19 Reality and Economic Theory
This paper examines interconnectedness between Covid-19 and six nested subsystems of our planet: people, economy, society, anthroposphere, biosphere and planetosphere.
Zoran Trputec, Nataša Šantić
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