The History of Macroeconomics Viewed Against the Background of the Marshall-Walras Divide [PDF]
Analysing the recent history of macroeconomics, my paper claims that the new classical revolution should be viewed as a substitution of Walrasian macroeconomics to the earlier prevailing Marshalian macroeconomics. The first part of the paper is concerned
Michel, DE VROEY
core
Adapting Agriculture to Climate Change: Are Climate‐Smart Practices Important in Burkina Faso?
ABSTRACT In Burkina Faso, smallholder farmers rely heavily on rain‐fed agriculture, which is affected by climate change. The adoption of climate‐smart practices is essential to strengthen the resilience of agricultural systems to climate change and improve household food security and, consequently, global food security.
Benoit Bado +2 more
wiley +1 more source
On the Scientific Status of Economic Policy: A Tale of Alternative Paradigms [PDF]
In the last years, a number of contributions has argued that monetary -- and, more generally, economic -- policy is finally becoming more of a science. According to these authors, policy rules implemented by central banks are nowadays well supported by a
Andrea Roventini, Giorgio Fagiolo
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Private or Public? Farmer Preferences and Identities in Agri‐Environmental Contract Implementation
ABSTRACT This study investigates farmer preferences for publicly and privately financed agri‐environmental contracts. Using a labelled Discrete Choice Experiment with 366 German grassland farmers, we examine trade‐offs between payment schemes (public/private), payment criteria (practice‐based/result‐based), collaboration options, and advisory services.
Christoph Schulze +3 more
wiley +1 more source
The Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Framework [PDF]
The authors study the macroeconomic consequences of large military buildups using a New Neoclassical Synthesis (NNS) approach that combines nominal rigidities within imperfectly competitive goods and labour markets.
Alain Paquet +2 more
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Evaluating Investment in Space Programs: A Case for Theoretical Pluralism
ABSTRACT A perennial question repeatedly asked since the early Mercury (USA) and Salyut (then Soviet Union) space programs has been variations on the theme of “how can the cost of space exploration be justified?” This question—which in broad terms constitutes the research question considered in this paper—continues to be directed toward space agencies ...
Basil P. Tucker, Hank C. Alewine
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
Understanding UK Productivity Using a Macroeconomic Lens
ABSTRACT We survey UK labor productivity over the long run, comparing it with other advanced economies, and focus on the sharp slowdown since the global financial crisis. Using a growth accounting framework, we highlight the primary role of total factor productivity (TFP), while noting that the contribution of capital shallowing is influenced by ...
Jagjit S. Chadha, Issam Samiri
wiley +1 more source
„THE NEW NEOCLASSICAL SYNTHESIS“ – NEW ECONOMIC TREND
This work deals with the objective prerequisites for the origin of the “new neoclassical synthesis” which is in the process of formation, goals, tasks; the need to use this new trend in the country’s economic policy is justified. An explanation is given to the organic linkage of the public sector economics with the “new neoclassical synthesis” and its ...
openaire +1 more source
Dynamic Interactions Between Health, Human Capital and Wealth
This paper proposes a dynamic economic model with health, human capital and wealth accumulation with elastic labor supply. The economic system consists of one industrial, one health, and one education sector.
Wei-Bin Zhang
doaj +1 more source

