Results 131 to 140 of about 710,297 (341)

"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
core  

Putting the individual in the context of the organization: A Carnegie perspective on decision-making. [PDF]

Front Psychol, 2023
Levinthal DA, Newark DA.
europepmc   +1 more source

Monetary Policy When Preferences Are Quasi‐Hyperbolic

Journal of Money, Credit and Banking, EarlyView.
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley   +1 more source

The Solow-Pasinetti debate on the measurement of productivity in the light of modern growth theory

PSL Quarterly Review
This article aims to study the Solow-Pasinetti debate on the aggregate production function and technical progress as an event that anticipated a divide in the subsequent theories of economic growth and technical change.
Florencia Romina Sember
doaj   +1 more source

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  

On Measuring the Welfare Cost of Inflation

Journal of Money, Credit and Banking, EarlyView.
Abstract This paper uses neoclassical monetary demand theory to measure the welfare cost of inflation. It uses the microeconomic‐ and aggregation‐theoretic approach to the demand for money, that integrates the demand for money with the demands for consumption and leisure, and provides a comparison between the consumer surplus approach based on ...
APOSTOLOS SERLETIS, LIBO XU
wiley   +1 more source

The Evolution of Spending Multiplier Economics: From Neoclassical to New Keynesian and Beyond [PDF]

Francesco Morelli
openalex   +1 more source

Market failure vs. system failure as a rationale for economic policy? A critique from an evolutionary perspective

, 2015
This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian ...
Schmidt, Peter
core  

Profit Maximization, Industry Structure, and Competition: A critique of neoclassical theory

, 2006
Neoclassical economics has two theories of competition between profit-maximizing firms (Marshallian and Cournot-Nash) that start from different premises about the degree of strategic interaction between firms, yet reach the same result, that market price
Keen, Steve, Standish, Russell K.
core   +1 more source