Towards a Responsible Liberalism
Kyklos, EarlyView.ABSTRACT Liberalism has many faces, ranging from that which emphasises the laissez‐faire approach of freedom from interference to the interventionist perspective on providing the conditions for people to exercise their liberty. In this essay, after summarising the arguments made by four prominent liberal scholars (namely, Keynes, Hayek, Buchanan and ...
Adam Oliver
wiley +1 more source
Structural changes in economics during the last fifty years [PDF]
This essay portrays the major currents in recent economic thinking against the orthodoxy and dogmatism of neoclassical economics. It places behavioral economics, experimental economics, evolutionary economics, ecological economics, new institutional ...
Mishra, SK
core +1 more source
The Consumer's Reservation Price as an Adaptive Aspiration Level. [PDF]
Behav Sci (Basel)van Baal S.
europepmc +1 more source
Beyond Collective Agreements: The Rise of the Wage Cushion in Germany
LABOUR, EarlyView.ABSTRACT Representative establishment data reveal that over 60% of German plants covered by collective agreements pay wages above the level stipulated in the agreements, creating a wage cushion between actual and contractual wages. While collective bargaining coverage has fallen over time, the prevalence of wage cushions has increased, particularly in ...
André Rieder, Claus Schnabel
wiley +1 more source
Internet Penetration and Leisure Activity Entropy: A Macro-Micro Integrated Analysis. [PDF]
Entropy (Basel)Li H, Dai J.
europepmc +1 more source
Solving Stochastic Climate‐Economy Models: A Deep Least‐Squares Monte Carlo Approach
Mathematical Finance, EarlyView.ABSTRACT Stochastic versions of recursive integrated climate‐economy assessment models are essential for studying and quantifying policy decisions under uncertainty. However, as the number of state variables and stochastic shocks increases, solving these models via deterministic grid‐based dynamic programming (e.g., value‐function iteration/projection ...
Aleksandar Arandjelović +4 more
wiley +1 more source
Intergenerational altruism and neoclassical growth models [PDF]
This paper surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences.
Michel, Philippe +2 more
core
Measuring financial sector efficiency in China: A study based on an enhanced neoclassical production function. [PDF]
PLoS OneZheng C, Shan Y.
europepmc +1 more source
Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
Metroeconomica, EarlyView.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
Do government outlays crowd-out private consumption? Evidence from the European Union. [PDF]
PLoS OneBölükbaşı ÖF, Çolak O.
europepmc +1 more source