Economic theory and ideology inMarx and modern economic analysis Giovanni A. Caravale, editor Edward Elgar, 1991, 512 pp.

1996 ◽  
Vol 24 (1) ◽  
pp. 83-93
Author(s):  
Fabio D'Orlando
Keyword(s):  
Economic Theory ◽  
Economic Analysis ◽  
Modern Economic ◽  
Edward Elgar

Die neue Welt der Ökonomie

1988 ◽  
Vol 10 (2) ◽  
Author(s):  
Gebhard Kirchgässner
Keyword(s):  
Social Sciences ◽  
Economic Theory ◽  
Economic Analysis ◽  
Economic Approach ◽  
Individual Behaviour ◽  
The Social ◽  
Modern Economic ◽  
Economic Imperialism

AbstractThe article starts out with a sketch of the model of Individual behaviour, basic for modern economic theory, including the consideration of typical criticisms. The model then is examined in its application first to micro- and macroeconomic theorizing, then to the economic analysis of politics and of law. It concludes by pointing out some drawbacks inherent in the economic approach to the social sciences: economic imperialism, conservativism and the illusion of manageability.

Spatial Nonconvexities

1978 ◽  
Vol 10 (1) ◽  
pp. 37-42 ◽  
Author(s):  
H Mullally ◽  
G J Papageorgiou
Keyword(s):  
Economic Theory ◽  
Economic Analysis ◽  
General Equilibrium ◽  
Competitive Equilibrium ◽  
Equilibrium Theory ◽  
Transportation Costs ◽  
Partial Equilibrium ◽  
General Equilibrium Theory ◽  
Modern Economic ◽  
Geographic Setting

Modern economic theory has experienced a persistent shift away from partial equilibrium modelling and towards the theory of general competitive equilibrium. Spatial economic analysis, however, has by and large remained rooted in the older approach. This conservatism may be explained in part by the stringently aspatial manner in which general equilibrium theory is conventionally expressed. This paper attempts to redress this imbalance by considering general equilibrium in an explicitly geographic setting. In this particular context, space manifests itself primarily through transportation costs, and the major concern is to ascertain the pattern of transportation costs which the axioms of general equilibrium theory imply.

Methodological Principles of Keynes’ Theory and His «Strife over Method» with Tinbergen

2007 ◽  
pp. 25-36 ◽  
Author(s):  
I. Rozmainsky
Keyword(s):  
Economic Theory ◽  
Critical View ◽  
Modern Economic ◽  
Methodological Principles

The author analyzes Keynes-Tinbergen controversy in the context of Keynes’ methodological ideas, which he thinks are fully opposite to the methodology of modern economic theory. Using different Keynes’ papers the author considers this difference in detail and shows its links to the critical view held by Keynes towards econometrics

Beyond GDP: The Quest for a Measure of Social Welfare. Part I

2012 ◽  
pp. 67-93 ◽  
Author(s):  
M. Fleurbaey
Keyword(s):  
Economic Theory ◽  
Social Welfare ◽  
Well Being ◽  
National Product ◽  
Future Generations ◽  
Modern Economic ◽  
Aggregate Wealth ◽  
Net National Product ◽  
Sustainability Policy ◽  
Beyond Gdp

The first part of the paper is devoted to the monetary indicators of social welfare. It is shown which methods of quantitative estimating the aggregate wealth and well-being are available in the modern economic theory apart from the traditional GDP measure. The limitations of the methods are also discussed. The author shows which measures of welfare are adequate in the dynamic context: he considers the problems of intertemporal welfare analysis using the Net National Product (NNP) for the sustainability policy and in the context of concern for well-being of the future generations.

Some Developments in Economic Theory Since 1940: An Eyewitness Account

2010 ◽  
pp. 4-23 ◽  
Author(s):  
K. Arrow
Keyword(s):  
Economic Theory ◽  
General Equilibrium ◽  
Equilibrium Theory ◽  
General Equilibrium Theory ◽  
Economics Of Information ◽  
Modern Economic ◽  
Eyewitness Account ◽  
Theory Uncertainty ◽  
Professional Formation

The article considers the evolution of some branches of modern economic theory from the perspective of the authors biography as a scientist and his professional formation. It describes problems of econometrics, general equilibrium theory, uncertainty, economics of information, and growth. It is shown how different authors representing various fields came to similar conclusions simultaneously and independently, what were the problems, in response to which economists of the second half of last century developed their theories, and what were the contexts of such development.

B is for Bias

2014 ◽  
Vol 3 (2) ◽  
pp. 35-47
Author(s):  
Calin Valsan
Keyword(s):  
Economic Theory ◽  
Rational Expectations ◽  
Economic Environment ◽  
Rational Agents ◽  
Economic Agents ◽  
Behavioral Biases ◽  
The Social ◽  
Modern Economic

Standard economic theory assumes rational agents. Individuals are expected to have rational expectations and constantly optimize their choices. Modern economic and financial theory is build under the assumption of rationality. There is plenty of evidence from psychology, however, that individuals are biased and rely heavily on heuristics in order to make decisions. Yet, this is not a mere fluke, a behavioral oddity. Because the social and economic environment in which individuals evolve is complex, behavioral biases represent evolutionary adaptations allowing economic agents to deal with undecidability and computational irreducibility.

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