Results 21 to 30 of about 10,277 (175)
Cambridge Journal of Economics, 2023 Abstract Whitehead’s fallacy of misplaced concreteness (FMC) explains the ‘unfortunate uselessness’ into which all monetary-macro theory ‘micro-founded’ on Walrasian-Pareto general equilibrium (GE) theory has blundered. The FMC occurs because the misuse of the Walrasian-Pareto GE idealisation results in mistakes in reasoning when applied
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Variations on the Theme of Conning in Mathematical Economics [PDF]
, 2007 The mathematization of economics is almost exclusively in terms of the mathematics of real analysis which, in turn, is founded on set theory (and the axiom of choice) and orthodox mathematical logic.
Velupillai, Kumaraswamy
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I liberisti nella cultura politica italiana
Philosophy Kitchen, 2018 The goal of the present essay is to analyse some of the most important works of Italian “liberisti” (Ferrara, Pantaleoni, Pareto, de Viti de Marco, Einaudi) in order to reconstruct their philosophical background and to clarify their theory of the State ...
Raimondo Cubeddu
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Asian Journal of Economic Modelling, 2017 The purpose of this study is to examine dynamic interdependence between economic development, wealth and income distributions, and discrimination in an integrated Walrasian-general-equilibrium and neoclassical-growth theory. We build a dynamic economy with one consumer goods sector, one capital goods sector, and heterogeneous households.
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Pairwise Imitation and Tournament Graphs
International Economic Review, EarlyView.ABSTRACT This paper investigates strategic dynamics under the behavioral rule of pairwise interact and imitate (PII), which requires minimal information and emphasizes outperforming opponents in pairwise interactions. We characterize PII using weak tournament graphs and, for a broad class of dynamics, establish a one‐shot stability result for ...
Sung‐Ha Hwang +3 more
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Rate of Interest and Intertemporal Preferences in Multisectoral Frameworks: A Critical View
Metroeconomica, EarlyView.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
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Bounded Rational Players in a Symmetric Random Exchange Market
MathematicsA model of Edgeworthian economies is studied, in which participants are randomly chosen at each period to exchange two goods to increase their utilities, as described by the Cobb–Douglas utility function.
Aliyu Yusuf +3 more
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Journal of Economic Development, 2017 This study deals with interactions between social status, economic growth and income and wealth distribution in an economic growth model of heterogeneous households with economic structure. The model emphasizes the role of social status on economic structural change and wealth and income distribution.
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Luigi Pasinetti and Adolph Lowe: Bridging Capital Theory and Institutional Analysis
Metroeconomica, EarlyView.ABSTRACT This article examines the convergence of Luigi Pasinetti's and Adolph Lowe's political economy, linking capital theory, institutions, and normative methodology. Pasinetti's two‐stage approach and Lowe's instrumental method share a common emphasis on the structural requirements and institutional arrangements for attaining and maintaining full ...
Michael J. Murray
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Public Debt Dynamics in a Monetary Economy of Production
Metroeconomica, Volume 77, Issue 2, Page 147-173, May 2026.ABSTRACT This paper investigates the determinants and stability conditions of the public debt‐to‐GDP ratio within a theoretical framework representing the main characteristics of a monetary economy of production. To this end, we develop a dynamic Stock‐Flow Consistent (SFC) model based on the Supermultiplier approach, incorporating both bank and fiat ...
Lorenzo Di Domenico
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