Results 101 to 110 of about 110,383 (315)
From outer circle to center stage: The maturation of heterodox economics [PDF]
This is chapter 2 of the book "Future Directions in Heterodox Economics" by John T. Harvey and Robert F. Garnett, Jr., Editors. The inner circle of neoclassical economics has limited its horizons, increasing the scope for heterodox economists to claim ...
Garnett (eds), Rob +2 more
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Rethinking the contract‐failure theory
American Business Law Journal, EarlyView.Abstract The contract‐failure theory posits that the nonprofit form can be an indicator of high product quality because the nondistribution constraint reduces the nonprofit manager's financial benefits from cheating. This would give nonprofits an advantage over for‐profit firms when consumers cannot determine product quality and thus explains ...
Yumiao Wang
wiley +1 more source
Examination of Afghanistan's Development Traps
Regional Science Policy &Practice, EarlyView., 2022 Abstract We examine the factors behind Afghanistan's persistent underdevelopment. Drawing on various theories of development traps operating at the demographic, economic and institutional levels, we seek to assess whether and to what extent their functioning affects Afghanistan's development. To capture the functioning of development traps empirically,
Klemen Knez, Tina G. Lokar
wiley +1 more source
What Is Neoclassical Economics? The three axioms responsible for its theoretical oeuvre, practical irrelevance and, thus, discursive power [PDF]
This paper offers a precise definition of neoclassical economics based on three axioms which lie at the latters foundations. This definition is all inclusive in that it applies as much to the neoclassical economic models of the late 19th century as it ...
Christian Arnsperger, Yanis Varoufakis
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Asia‐Pacific Economic History Review, EarlyView.Abstract Revised GDP data suggest that Japan was more than one‐third richer in 1874 than suggested by Maddison, and that Meiji period growth built on earlier development. Despite trend GDP per capita growth during the Tokugawa Shogunate, the catching‐up process only started after 1890 with respect to Britain, and after World War I with respect to the ...
Stephen Broadberry +2 more
wiley +1 more source
Resilience in a noisy urban system
Regional Science Policy &Practice, EarlyView., 2023 Abstract The ability of cities to recuperate from disturbances and return to their evolutionary pathways depends, first and foremost, on the type of damage that the shock created. But in addition, it depends on how information is transmitted in the urban system and on how noise filters distort the information that reaches economic agents.
Dani Broitman, Daniel Czamanski
wiley +1 more source
From Wald to Savage: homo economicus becomes a Bayesian statistician [PDF]
Bayesian rationality is the paradigm of rational behavior in neoclassical economics. A rational agent in an economic model is one who maximizes her subjective expected utility and consistently revises her beliefs according to Bayes’s rule.
Giocoli, Nicola
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Neoclassical versus complexity economics: the socialist calculation debate as a clash of paradigms
, 2022 Vicente Moreno‐Casas +1 more
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Causal versus Consequential Motives in Mental Models of Agent Social and Economic Action: Experiments, and the Neoclassical Diversion in Economics [PDF]
, 2020 Vernon L. Smith
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Farmers' pro‐social motivations and willingness‐to‐accept in markets with public goods
American Journal of Agricultural Economics, EarlyView.Abstract To explain how some farmers' decisions may diverge from profit‐maximization, we incorporate proactive social preferences for public goods in an expected utility framework, in addition to reactive risk preferences to uncertainty. We offer empirical evidence that proactive preferences influence farmers' decisions alongside reactive preferences ...
Jill Fitzsimmons +2 more
wiley +1 more source