Environmental norms, society, and economics [PDF]
Environmental norms seem to be on the upsurge everywhere. Norm-orientation is, however, neglected in neoclassical economics which is fixed on homo economicus as the model of human behaviour.
Mohr, Ernst
core
Abstract The article examines the normative content and justification of intellectual property rights (IPR), focusing on the question of whether the incentive theory provides a sufficient and appropriate basis for the regulation of intangible goods within the framework of the concept of inherently limited rights.
Konrad Gliściński
wiley +1 more source
To Save or To Consume: Linking Growth Theory to with Keynesian Model [PDF]
In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian model, higher saving rate causes lower consumption, which may lead to a recession.
Yun-Kwong Kwok
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Partially funded social security and growth
Abstract This paper investigates the relationship between economic growth and the degree of fundedness of a social security system in an overlapping generations model with family altruism. It is shown that the relationship between the degree of fundedness and economic growth is inverted U‐shaped so that a gradual increase in funding may harm growth if ...
Carlos Bethencourt+2 more
wiley +1 more source
"A Random Walk Down Maple Lane?: A Critique of Neoclassical Consumption Theory with Reference to Housing Wealth" [PDF]
The development of the permanent income/life cycle consumption hypothesis was a key blow to Keynesian and Kaleckian economics, and, according to George Akerlof, it "set the agenda" for modern neoclassical macroeconomics.
Greg Hannsgen
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Rate of Interest and Intertemporal Preferences in Multisectoral Frameworks: A Critical View
ABSTRACT This paper analyses a closure of Sraffa's price system found in some neoclassical literature, which involves equating the rate of interest with the rate of time preference. This closure aims to reconnect the rate of interest with individuals' intertemporal preferences.
Enrico Bellino, Gabriel Brondino
wiley +1 more source
The Latin American Contribution to Center-Periphery Perspectives: History and Prospect [PDF]
In this essay I will trace the formulation of the Latin American contribution to Center-Periphery analysis, its diffusion, crisis, reformulation, and decline.
Joseph L. Love
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Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
Measuring financial sector efficiency in China: A study based on an enhanced neoclassical production function. [PDF]
Zheng C, Shan Y.
europepmc +1 more source
Completions to Marshallian Out-Look, Consistent With Knowledge Based Economy [PDF]
Paper aims at bringing completions to the neoclassical viewpoint in Economics, in the purpose of better according economic research to the actual needs of the economy.
Alexandru JIVAN
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