2024-03-28T18:01:48Z
https://mpra.ub.uni-muenchen.de/cgi/oai2
oai:mpra.ub.uni-muenchen.de:127
2019-10-23T17:33:42Z
oai:mpra.ub.uni-muenchen.de:747
2019-09-27T14:27:57Z
7374617475733D707562
7375626A656374733D42:4235:423532
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/747/
The Economics of Rhetoric: On Metaphors as Institutions
Lanteri, Alessandro
Yalcintas, Altug
B52 - Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
The professional life of economists takes place within the boundaries of the institution of academic economics. Belonging to the institution enable economists in many ways. It provides a context wherein their contribution is meaningful. But it constrains, too, what economists are allowed to do or say. Thus, institutions both enable and constrain individual action. Metaphors do the same and are therefore, in this respect, institutions. They are place-holders to communicate our beliefs, feelings, and thoughts. So far, there is nothing wrong. This may become a problem, however, as Richard Rorty has once said, when the “happenstance of our cultural development [is] that we got stuck so long with place-holders.” In the essay we focus on the enabling and disabling roles of metaphors as institutions in the rhetoric of economics. We argue, from the perspective of economics of rhetoric, that some of the metaphors can lead us to path dependent circumstances where the performance of the metaphors is not as desirable as it was when the metaphors were first introduced. Sometimes certain metaphors undergo exaptation, and are employed with new functions. Altogether, we believe, the tools of institutional economics can be fruitfully employed to study metaphors.
2006-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/747/1/MPRA_paper_747.pdf
Lanteri, Alessandro and Yalcintas, Altug (2006): The Economics of Rhetoric: On Metaphors as Institutions. Published in: Ankara University GETA Working Papers No. 94 (April 2006)
en
oai:mpra.ub.uni-muenchen.de:749
2019-10-01T05:26:50Z
7374617475733D756E707562
7375626A656374733D42:4235:423532
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/749/
Stories of Error and Vice Matter: Path Dependence, Paul David, and Efficiency and Optimality in Economics
Yalcintas, Altug
B52 - Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
Abstract: History books are full of success stories. Intellectuals are interested in such stories because they are important in human history – they are important especially for those who are willing to know more about how we have reached the peak points of human civilization. History books, however, do not always credit issues of human failure and error. The social element – that is, the set of undesirable consequences of the imperfect character of human doings – are thus left out as irrelevant. Oddities and wrongheadedness, for instance, are not at the forefronts of human notice. They are seen only as peculiarities to be corrected sooner or later. Human failure and error are important as they are often left uncorrected in time. That is to say, we keep repeating the same errors through time. Uncorrected errors of the past sometimes generate undesirability, dissatisfaction, and disappointment in the future, because such errors prevent us from producing pragmatic solutions to practical problems in the economy and society. They prevent us from reaching “the general equilibrium.” They prevent us from getting at “the fundamental truth.” The world is, therefore, not the best of all possible worlds. The world, unlike the portrayals of neo-classical economics in general and Paul Samuelson in particular, is a world of transaction costs, as Ronald Coase argued, in the form of human failure and error. Consequences of such errors, which do not disappear easily and without causing further trouble, make the idea impossible – the idea that perfection in the world of humans is achievable. I illustrate in the paper that there are such errors in human history that cause path dependence in the economy and society. Many errors in the past, I argue, are not corrected – they linger. History is therefore not only a bunch of success stories in the form of efficiencies and optimizations. History is also the stories of error – stories of path dependence. And such errors, too, should matter for historical economists.
2006-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/749/1/MPRA_paper_749.pdf
Yalcintas, Altug (2006): Stories of Error and Vice Matter: Path Dependence, Paul David, and Efficiency and Optimality in Economics.
en
oai:mpra.ub.uni-muenchen.de:4183
2019-10-01T05:15:05Z
7374617475733D756E707562
7375626A656374733D48:4832:483232
7375626A656374733D4C:4C32:4C3236
7375626A656374733D42:4232:423235
7375626A656374733D48:4832:483235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4183/
The Non-neutrality of Corporate Tax: An Entrepreneurial Perspective
Filoso, Valerio
H22 - Incidence
L26 - Entrepreneurship
B25 - Historical ; Institutional ; Evolutionary ; Austrian
H25 - Business Taxes and Subsidies
While corporate taxation is a major issue in the debate over international finance, economic theory has no clear stance on who bears its burden. On balance, economists seem still more prone to accept that taxing profits does not affect corporations' outcomes. This paper makes three cases for non-neutrality. First, since corporate taxation is asymmetric between profit and loss, the tax rate may change the ranking of alternative investments. Secondly, the imperfect observability of the use of internal resources makes pure economic profits very difficult to detect. Thirdly, when the pervasive role of entrepreneurship is fully taken into account, corporate taxation appears clearly as a direct tax on market adjustments and as an indirect tax on wages.
2007-07-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4183/1/MPRA_paper_4183.pdf
Filoso, Valerio (2007): The Non-neutrality of Corporate Tax: An Entrepreneurial Perspective.
en
oai:mpra.ub.uni-muenchen.de:4600
2019-09-26T13:37:46Z
7374617475733D756E707562
7375626A656374733D42:4232:423230
7375626A656374733D42:4235:423531
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423330
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/4600/
Keynesianismo, Poskeynesianismo y Nuevokeynesianismo: ¿Tres doctrinas diferentes y una sóla teoría verdadera?
León Díaz, John Jairo
B20 - General
B51 - Socialist ; Marxian ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B30 - General
During the seventies, Keynesianism faced the most critical decade. It was characterized by some deep critics to the "General Theory", due to the ausence of strong microfoundations and a overdimensionated importance of demand shocks over the role of supply shock in economic theory.
Eighties unleash the beginning of a new authors stream; it has as a main purpose to develop an answer to all those critics made during the past decade. In such way, a new stream named the newkeynesianism had appeared.
On the other side, the Postkeynesianism seemed to be far from the critics. It was supossed to be the next step in Keynesianism theory, since its major effort was to provide a framework for the analysis of long run economics, just like a growth theory.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/4600/1/MPRA_paper_4600.pdf
León Díaz, John Jairo (2007): Keynesianismo, Poskeynesianismo y Nuevokeynesianismo: ¿Tres doctrinas diferentes y una sóla teoría verdadera?
es
oai:mpra.ub.uni-muenchen.de:5017
2019-09-27T17:09:08Z
7374617475733D707562
7375626A656374733D42:4235:423532
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5017/
Nano-fundamentos da macroeconomia: Keynes e o institucionalismo na Teoria Geral
Pessali, Huascar
B52 - Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
Chapter 12 of Keynes´ General Theory has concepts and analytical links with strong
identification with the ones used by the so-called institutional approaches. This essay emphasises what seems to have been anticipated by Keynes on the research core of institutional economics, mainly based on his behavioural assumptions.
2006-07-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5017/1/MPRA_paper_5017.pdf
Pessali, Huascar (2006): Nano-fundamentos da macroeconomia: Keynes e o institucionalismo na Teoria Geral. Published in: Revista de Economia , Vol. 2, No. 32 (1 December 2006): pp. 63-80.
pt
oai:mpra.ub.uni-muenchen.de:5304
2019-09-28T11:59:36Z
7374617475733D707562
7375626A656374733D42:4234:423431
7375626A656374733D43:4337:433730
7375626A656374733D42:4235:423532
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/5304/
Institutions: Theory, History and Context-Specific Analysis
Aydinonat, N. Emrah
B41 - Economic Methodology
C70 - General
B52 - Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
A review essay on Avner Greif, Institutions and the Path to the Modern Economy: Lessons from Medieval Trade, Cambridge, Cambridge University Press, 2006, xx+503.
2006-09
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/5304/1/MPRA_paper_5304.pdf
Aydinonat, N. Emrah (2006): Institutions: Theory, History and Context-Specific Analysis. Published in: History of Economic Ideas , Vol. XIV, No. 3 (2006): pp. 145-158.
en
oai:mpra.ub.uni-muenchen.de:6062
2019-09-27T08:58:57Z
7374617475733D756E707562
7375626A656374733D42:4233:423331
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6062/
Against Hayek
Cottrell, Allin
Cockshott, W. Paul
B31 - Individuals
B25 - Historical ; Institutional ; Evolutionary ; Austrian
Presents a critical analysis of Hayek in the light of modern computability and economic computability theory.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6062/1/MPRA_paper_6062.pdf
Cottrell, Allin and Cockshott, W. Paul (2007): Against Hayek.
en
oai:mpra.ub.uni-muenchen.de:6063
2019-09-27T00:06:53Z
7374617475733D756E707562
7375626A656374733D43:4336:433633
7375626A656374733D50:5032
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6063/
Mises, Kantorovich and Economic Computation
Cockshott, W. Paul
C63 - Computational Techniques ; Simulation Modeling
P2 - Socialist Systems and Transitional Economies
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
An article that reviews the work of Kantorovich in the light of von Mises claim that rational calculations were impossible without markets. It gives a tutorial introduction to the use of Kantorovich's methods, compares his approach to that of Dantzig. An assesment is given of the extent to which new interior point methods of linear programming strengthen or weaken Kantorovich's claims.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6063/1/MPRA_paper_6063.pdf
Cockshott, W. Paul (2007): Mises, Kantorovich and Economic Computation.
en
oai:mpra.ub.uni-muenchen.de:6825
2019-10-13T23:52:16Z
7374617475733D756E707562
7375626A656374733D42:4233:423331
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D42:4235:423533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/6825/
An Explanation to Individual Knowledge and Behavior Based on Empirical Substrates
Zhao, Liang
Zhu, Xian Chen
B31 - Individuals
A12 - Relation of Economics to Other Disciplines
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
B53 - Austrian
Using recent findings from modern empirical disciplines and mainly building on F.A.Hayek’s thoughts, the paper gives a definition of knowledge in accord with the Austrian School’s tradition, and basing on the definition, it sums up three behavior assumptions and a framework on explaining individual behavior and expounds ideas on hierarchical knowledge and its change in real situations. By this way, the paper believes that the Austrian School can be greatly advanced with the help of modern empirical findings.
2008-01-18
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/6825/1/MPRA_paper_6825.pdf
Zhao, Liang and Zhu, Xian Chen (2008): An Explanation to Individual Knowledge and Behavior Based on Empirical Substrates.
en
oai:mpra.ub.uni-muenchen.de:8746
2019-10-03T17:45:52Z
7374617475733D756E707562
7375626A656374733D42:4231:423130
7375626A656374733D42:4235:423532
7375626A656374733D41:4132:413230
7375626A656374733D4E:4E30:4E3030
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8746/
La necesidad de teorías heterodoxas para el acercamiento entre historia y economía
Marongiu, Federico
B10 - General
B52 - Institutional ; Evolutionary
A20 - General
N00 - General
B25 - Historical ; Institutional ; Evolutionary ; Austrian
This paper shows how economic theory and history can be matched with the use of heterodox theories. This matching between history and economics is needed for a better comprehension of reality. Cliometrics, regulationism, institutional economics are some of the tentative approaches that have been used. The use of only orthodox theories is not enough for an understanding of multiple economic phenomena arising in the real world.
2008-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8746/1/MPRA_paper_8746.pdf
Marongiu, Federico (2008): La necesidad de teorías heterodoxas para el acercamiento entre historia y economía.
es
oai:mpra.ub.uni-muenchen.de:8884
2019-09-26T10:48:19Z
7374617475733D756E707562
7375626A656374733D42:4234:423430
7375626A656374733D42:4232:423231
7375626A656374733D41:4131:413132
7375626A656374733D43:4337:433733
7375626A656374733D42:4232:423235
7375626A656374733D43:4337:433732
7375626A656374733D44:4438:443837
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/8884/
On an Evolutionary Foundation of Neuroeconomics
Schipper, Burkhard C
B40 - General
B21 - Microeconomics
A12 - Relation of Economics to Other Disciplines
C73 - Stochastic and Dynamic Games ; Evolutionary Games ; Repeated Games
B25 - Historical ; Institutional ; Evolutionary ; Austrian
C72 - Noncooperative Games
D87 - Neuroeconomics
Neuroeconomics focuses on brain imaging studies mapping neural responses to choice behavior. Economic theory is concerned with choice behavior but it is silent on neural activities. We present a game theoretic model in which players are endowed with an additional structure - a simple "nervous system" - and interact repeatedly in changing games. The nervous system constrains information processing functions and behavioral functions. By reinterpreting results from evolutionary game theory (Germano, 2007), we suggest that nervous systems can develop to "function well" in exogenously changing strategic environments. We present an example indicating that an analogous conclusion fails if players can influence endogenously their environment.
2008-04-16
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/8884/1/MPRA_paper_8884.pdf
Schipper, Burkhard C (2008): On an Evolutionary Foundation of Neuroeconomics.
en
oai:mpra.ub.uni-muenchen.de:10534
2019-09-27T11:51:29Z
7374617475733D756E707562
7375626A656374733D42:4232:423230
7375626A656374733D42:4232:423239
7375626A656374733D42:4232:423235
7375626A656374733D42:4231:423135
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/10534/
Structural changes in economics during the last fifty years
Mishra, SK
B20 - General
B29 - Other
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B15 - Historical ; Institutional ; Evolutionary
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 economics, agent-based computational economics and post-autistic economics vis-à-vis the classical and the neoclassical economics. It concludes that we may expect a synthesis of all these strands of economic thinking in the near future that will replace neoclassical economics from the citadel of mainstream. Teaching of these strands of new economics has already begun in many universities, although in an un-integrated manner. However, until the neoclassical microeconomics and macroeconomics are replaced by their alternatives and necessary as well as convincing tools of economic analysis are developed, neoclassicism would not give way to modern economics.
2008-09-17
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/10534/1/MPRA_paper_10534.pdf
Mishra, SK (2008): Structural changes in economics during the last fifty years.
en
oai:mpra.ub.uni-muenchen.de:11564
2019-09-30T09:23:03Z
7374617475733D756E707562
7375626A656374733D42:4235:423532
7375626A656374733D4F:4F31:4F3130
7375626A656374733D50:5035:503531
7375626A656374733D42:4232:423235
7375626A656374733D50:5031:503136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/11564/
中国改革的“新政治经济学”:速度与均衡
Pang, Xiaobo
Huang, Weiting
B52 - Institutional ; Evolutionary
O10 - General
P51 - Comparative Analysis of Economic Systems
B25 - Historical ; Institutional ; Evolutionary ; Austrian
P16 - Political Economy
In term of time and space, economic changes are non-ergodic, reform speed and equilibrium is determined by the characteristics of time and space. The great achievements of China's gradual reforms are by no means accidental, time-space dependence and non-ergodic economic changes is consistent with the guiding ideology of “feeling our way across the river”, by time-space compression, China's gradual reforms have exhibited dynamic adaptive efficiency.
2008-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/11564/1/MPRA_paper_11564.pdf
Pang, Xiaobo and Huang, Weiting (2008): 中国改革的“新政治经济学”:速度与均衡.
zh
oai:mpra.ub.uni-muenchen.de:15149
2019-09-27T16:46:02Z
7374617475733D707562
7375626A656374733D4C:4C35:4C3531
7375626A656374733D42:4235:423532
7375626A656374733D4B:4B30:4B3030
7375626A656374733D4C:4C32:4C3234
7375626A656374733D42:4231:423135
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/15149/
Instituições: uma caracterização crítica
Strachman, Eduardo
L51 - Economics of Regulation
B52 - Institutional ; Evolutionary
K00 - General
L24 - Contracting Out ; Joint Ventures ; Technology Licensing
B15 - Historical ; Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
The paper aims to investigate the main characteristics of institutions, as well as some of their more conspicuous
peculiarities, as, for instance, their resistance to change, chiefly when compared to the capacity and speed of
transformation of what is called the other social factors (or components). The article tries to describe the
relationships among institutions and other social factors, in addition to contrasts and similarities among
institutions in different levels, and in distinct countries and regions. It also intends to show the factors that conduct to a growing or decreasing institutional homogeneity in these different loci, and to an augmentation or lessening of the institutional instrumentality. Besides, the paper tries to give a better definition of institutions,
which is important nowadays, given the increasing interest of economics for institutions.
2002
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/15149/1/MPRA_paper_15149.pdf
Strachman, Eduardo (2002): Instituições: uma caracterização crítica. Published in: EconomiA , Vol. 3, No. 1 (January 2002): pp. 113-157.
pt
oai:mpra.ub.uni-muenchen.de:15560
2019-10-02T17:34:08Z
7374617475733D756E707562
7375626A656374733D4B:4B30:4B3030
7375626A656374733D42:4232:423235
7375626A656374733D42:4231:423135
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/15560/
Mises on the Nation and the State
Cachanosky, Nicolas
K00 - General
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B15 - Historical ; Institutional ; Evolutionary
This article discusses the distinction Mises (1919) draws between the nation and the state as well
as the relation of this distinction with the role of the state in the free society.
A previous version of this article received the 1st Prize of the European Center of Austrian Economics
Foundation’s 2007 Vernon Smith Essay Contest.
2009-05-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/15560/1/MPRA_paper_15560.pdf
Cachanosky, Nicolas (2009): Mises on the Nation and the State.
en
oai:mpra.ub.uni-muenchen.de:15825
2019-09-26T23:02:10Z
7374617475733D707562
7375626A656374733D4F:4F31:4F3138
7375626A656374733D4A:4A31:4A3130
7375626A656374733D4A:4A31:4A3139
7375626A656374733D42:4232:423235
7375626A656374733D4A:4A31:4A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/15825/
Población Municipal en los Censos del Siglo XX
Goerlich, Francisco José
Mas, Matilde
Azagra, Joaquín
Chorén, Pilar
O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
J10 - General
J19 - Other
B25 - Historical ; Institutional ; Evolutionary ; Austrian
J11 - Demographic Trends, Macroeconomic Effects, and Forecasts
This paper presents a homogenous database for the Spanish population at municipal level as well as some results related to the location of the population on the territory throughout the XX century. The database reconstructs the de jure population of 8.108 municipalities that appear in the 2001 census. The reconstruction has been made maintaining the municipal boundaries that existed in that census, which was the last one made in Spain, with the purpose of guaranteeing the temporary homogeneity of the series. Using this database, we can see the changes in the location of the population in Spain between 1900 and 2001, which allows us to offer accurate quantifications of phenomena that, in general terms, are already known by specialists.
2007
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/15825/1/MPRA_paper_15825.pdf
Goerlich, Francisco José and Mas, Matilde and Azagra, Joaquín and Chorén, Pilar (2007): Población Municipal en los Censos del Siglo XX. Published in: Ciudad y Territorio , Vol. XXXIX, No. 154 (2007): pp. 639-656.
es
oai:mpra.ub.uni-muenchen.de:17278
2019-09-28T16:18:43Z
7374617475733D756E707562
7375626A656374733D51:5135:513537
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/17278/
Exploring the Approach of Institutional Economics to the Environment
Spash, Clive L.
Villena, Mauricio G.
Q57 - Ecological Economics: Ecosystem Services ; Biodiversity Conservation ; Bioeconomics ; Industrial Ecology
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
A neglected aspect of ecological economics is the link to the social context. The socio-economic perspective extends standard economic analysis into concerns for distribution, ethics and the power of institutions which form and implement policy. We explore how an institutional perspective on ecological economics might operate and provide a distinct methodology.
In order to understand the institutional approach and how it differs from the standard economic methodology a historical overview is provided. This allows us to identify key characteristics. Theories applying the institutional approach to environmental problems are then discussed. Our main aim is to bring together the key characteristics of institutional economics with reflections upon previous environmental applications to synthesise the basic principles of a socio-economic approach to the environment. This then provides the opportunity to investigate how far the institutional approach to environmental policy differs from the general approach provided by ecological economics in terms of the preconceptions and values identified with each of these perspectives.
The paper concludes by discussing how an institutional economics methodology might be integrated with an ecological economics framework of analysis. The two approaches are found to have more in common with each other than either has with a neo-classical economics approach. A socio-economic perspective is seen as essential to developing effective policy and the institutional approach provides insights into how this might be brought into future analysis of environmental problems. However, several areas are identified where research is required if the two approaches are to be successfully integrated.
1999
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/17278/1/MPRA_paper_17278.pdf
Spash, Clive L. and Villena, Mauricio G. (1999): Exploring the Approach of Institutional Economics to the Environment.
en
oai:mpra.ub.uni-muenchen.de:19781
2019-09-26T09:16:20Z
7374617475733D756E707562
7375626A656374733D45:4530:453032
7375626A656374733D42:4231:423130
7375626A656374733D42:4230
7375626A656374733D41:4132:413233
7375626A656374733D41:4131
7375626A656374733D42:4232:423232
7375626A656374733D41:4132
7375626A656374733D41:4131:413130
7375626A656374733D42:4231:423135
7375626A656374733D41:4131:413131
7375626A656374733D42:4232:423235
7375626A656374733D42:4231:423132
7375626A656374733D45:4535
7375626A656374733D42:4231:423133
7375626A656374733D45:4534
7375626A656374733D45:4533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/19781/
Can Great Depression Theories Explain the Great Recession?
Schlenkhoff, Georg
E02 - Institutions and the Macroeconomy
B10 - General
B0 - General
A23 - Graduate
A1 - General Economics
B22 - Macroeconomics
A2 - Economic Education and Teaching of Economics
A10 - General
B15 - Historical ; Institutional ; Evolutionary
A11 - Role of Economics ; Role of Economists ; Market for Economists
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B12 - Classical (includes Adam Smith)
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
E4 - Money and Interest Rates
E3 - Prices, Business Fluctuations, and Cycles
The recent recession has brought a sharp decrease in income, output, and world trade, as well as an increase in unemployment in developed and underdeveloped countries. Experts such as Paul Krugman, Christina Romer, or Barry Eichengreen, compare the current situation with the Great Depression of the 1930s. However, the current debate is whether that comparison is even applicable. Since policy makers have to understand the roots and the dimension of the crisis in order to seize the fiscal stimulus package, adjust the level of taxes, and change regulation of the financial sector, the debate is of course a reasonable one to have. The Great Depression is the archetype of a recession, so it provides policy makers with valuable insights into right and wrong reaction methods. However, if policy makers orientate at the Great Depression, they have to make sure that the roots of the crisis are similar. So this paper addresses the question: Is the current financial crisis similar to the Great Depression? For that purpose I will systematically compare the Great Recession with the Great Depression. First, by examining the theories that commonly explain the Great Depression. Subsequently I will apply these theories to the Great Recession and discuss if they are applicable. I will argue that some theories are still applicable. For example, which flaws in the monetary system contributed to the Great Recession as well as to the Great Depression? However, the economic environment has changed and applying the same policy reactions today as in the Great Depression will be a policy error. Finally I will briefly present policy recommendations that are based on the findings.
2009-11-24
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/19781/1/MPRA_paper_19781.pdf
Schlenkhoff, Georg (2009): Can Great Depression Theories Explain the Great Recession?
en
oai:mpra.ub.uni-muenchen.de:22465
2019-10-02T22:12:24Z
7374617475733D756E707562
7375626A656374733D41:4131:413133
7375626A656374733D5A:5A31:5A3133
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/22465/
Reflexive self-organization and path dependency in institutionalization processes
Bobrova, Maria
Kümpel, Arndt
A13 - Relation of Economics to Social Values
Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
B25 - Historical ; Institutional ; Evolutionary ; Austrian
The purpose of this paper is to work toward developing evolutionary reasoning in the social sciences.
Along with that, we argue to overcome the artificial divide of natural and social science for the sake of
understanding behaviour. We make the case for an evolutionary and culturally sensitive view on longsurviving
institutions and its base - individual behaviour. By taking into consideration the unsatisfying
answers in the debate on structure and agency, we emphasize the importance of resonance for evolution
and stability. We use case studies to make the point for an evolutionary understanding of institutions and
to reflect on institutional path dependency.
2010-03-31
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/22465/1/MPRA_paper_22465.pdf
Bobrova, Maria and Kümpel, Arndt (2010): Reflexive self-organization and path dependency in institutionalization processes.
en
oai:mpra.ub.uni-muenchen.de:23205
2019-09-30T11:06:44Z
7374617475733D756E707562
7375626A656374733D4E:4E30:4E3030
7375626A656374733D4E:4E32:4E3235
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/23205/
Domestic borrowing without the rate of interest: gharar and the origins of sukuk
Cizakca, Murat
N00 - General
N25 - Asia including Middle East
B25 - Historical ; Institutional ; Evolutionary ; Austrian
All governments need to borrow from the public. Known as domestic borrowing, this is not an easy process. For Muslim countries, where interest is prohibited, this process becomes extra ordinarily difficult. I will start this article by examining the concept of uncertainty, gharar, in Islam and then move on to the origins of Islamic domestic borrowing, which is referred to in modern parlance as sukuk. The value of modern sukuk issued at the end of 2009 has reached roughly USD 100 billions. While most people think that this is a newly invented instrument, the institutional roots can be traced back for centuries.
2010-05-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/23205/1/MPRA_paper_23205.pdf
Cizakca, Murat (2010): Domestic borrowing without the rate of interest: gharar and the origins of sukuk.
en
oai:mpra.ub.uni-muenchen.de:25621
2019-09-30T04:37:46Z
7374617475733D707562
7375626A656374733D42:4235:423532
7375626A656374733D42:4232:423235
7375626A656374733D42:4231:423135
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/25621/
Institutions: a critical analysis of their main characteristics
Strachman, Eduardo
B52 - Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B15 - Historical ; Institutional ; Evolutionary
The paper aims to investigate the main characteristics of institutions, as well as some of their more conspicuous
peculiarities, as, for instance, their resistance to change, chiefly when compared to the capacity and speed of
transformation of what is called the other social factors (or components). The article tries to describe the
relationships among institutions and other social factors, in addition to contrasts and similarities among
institutions in different levels, and in distinct countries and regions. It also intends to show the factors that
conduct to a growing or decreasing institutional homogeneity in these different loci, and to an augmentation or lessening of the institutional instrumentality. Besides, the paper tries to give a better definition of institutions,
which is important nowadays, given the increasing interest of economics for institutions.
2001
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/25621/1/MPRA_paper_25621.pdf
Strachman, Eduardo (2001): Institutions: a critical analysis of their main characteristics. Published in: Economia , Vol. 3, No. 1 (January 2002): pp. 113-157.
en
oai:mpra.ub.uni-muenchen.de:26690
2019-09-27T20:43:03Z
7374617475733D756E707562
7375626A656374733D4B:4B32
7375626A656374733D42:4231:423132
7375626A656374733D4E:4E35
7375626A656374733D41:4131:413134
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/26690/
The economic doctrines in the wine trade and wine production sectors: the case of Bastiat and the Port wine sector: 1850-1908
Jacquinet, Marc
K2 - Regulation and Business Law
B12 - Classical (includes Adam Smith)
N5 - Agriculture, Natural Resources, Environment, and Extractive Industries
A14 - Sociology of Economics
B25 - Historical ; Institutional ; Evolutionary ; Austrian
The history of economic ideas (or doctrines) has a long tradition of popularization activists, usually, but not exclusively, defending some ideological precepts over others. This tradition is particularly clear in the 19th century and early 20th century with economists, such as Frédéric Bastiat, reaching a wide readership and get involved in polemical economic issues and policies.
This is the case of the wine production and wine trade. Bastiat is involved in the defense of free trade in the wine sector in France. His views are widely diffused in Europe. In the case of Portugal, the ideas of Bastiat are used by several authors (and, inter alia, Joaquim Kopke) to argue for free trade and the suppression of the restrictive system of the Port wine. This defense is also based on the converging interests of wine merchants and landowners (especially proprietors of large vineyards in the Upper Douro).
After treating the diffusion of economic ideas and the doctrine of Frédéric Bastiat in the first and second sections, I will characterize in the third one, the setting of the wine sector. Finally, I study the case of port wine with documents from archives, newspapers and pamphlets from about 1850 to 1908.
2006-05-19
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/26690/1/MPRA_paper_26690.pdf
Jacquinet, Marc (2006): The economic doctrines in the wine trade and wine production sectors: the case of Bastiat and the Port wine sector: 1850-1908.
en
oai:mpra.ub.uni-muenchen.de:28366
2019-09-26T09:15:01Z
7374617475733D756E707562
7375626A656374733D45:4536:453632
7375626A656374733D45:4534:453432
7375626A656374733D45:4535:453538
7375626A656374733D42:4235:423530
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/28366/
Money creation and control from Islamic perspective
Hasan, Zubair
E62 - Fiscal Policy
E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems
E58 - Central Banks and Their Policies
B50 - General
B25 - Historical ; Institutional ; Evolutionary ; Austrian
This paper deals with familiar facts in monetary economics from an unfamiliar angle. It argues that it is not factual to regard the legal tender money and bank credit as of different genus: they work in tandem to the same ends in an economy, conventional or Islamic. Also, it does not matter what serves as money – solid gold or flimsy paper – for keeping its value stable; only the blind would argue that staff is indispensable for walking. Money is just an instrument: it was never nor can ever be classified into Islamic and non-Islamic. What it does – good or bad – depends on how we use it. Money does not generate crises; its mismanagement does. It follows that the refuge the world is searching today from recurring financial crises does not lie in money substance: history testifies that national economies could not remain turmoil-free during the centuries of the yellow metal sway over the monetary scene. The paper concludes that it is the human factor that has been the source of good or evil for mankind including money matters. And the quality of human factor true religion can alone improve: morality without faith is rudderless.
2011-01-23
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/28366/1/MPRA_paper_28366.pdf
Hasan, Zubair (2011): Money creation and control from Islamic perspective.
en
oai:mpra.ub.uni-muenchen.de:28396
2019-09-26T15:13:23Z
7374617475733D756E707562
7375626A656374733D43:4336:433633
7375626A656374733D4F:4F33:4F3331
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/28396/
New Combinations :Taking Schumpeter's concept serious
Hanappi, Hardy
Hanappi-Egger, Edeltraud
C63 - Computational Techniques ; Simulation Modeling
O31 - Innovation and Invention: Processes and Incentives
B25 - Historical ; Institutional ; Evolutionary ; Austrian
Schumpeter’s idea that innovations can be described as new combinations often is understood as a mere metaphor and slight generalization of what he considers as the characterizing feature of entrepreneurship. The main argument of this paper is that more and deeper issues are involved in the concept of new combinations than is commonly understood. Moreover, a proper understanding of these issues would not only enhance our knowledge about observed innovation processes in economic life, it might reveal several properties common to creative processes in general.
2004-06-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/28396/1/MPRA_paper_28396.pdf
Hanappi, Hardy and Hanappi-Egger, Edeltraud (2004): New Combinations :Taking Schumpeter's concept serious.
en
oai:mpra.ub.uni-muenchen.de:28427
2019-09-28T21:48:51Z
7374617475733D756E707562
7375626A656374733D44:4432:443233
7375626A656374733D44:4437:443733
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/28427/
An Overview on Institutionalism and Decentralized Decision-Making
Cioclea, Alexandra Ema
D23 - Organizational Behavior ; Transaction Costs ; Property Rights
D73 - Bureaucracy ; Administrative Processes in Public Organizations ; Corruption
B25 - Historical ; Institutional ; Evolutionary ; Austrian
Human actions, interactions and decisions should have a certain degree of predictability that can be obtained by establishing rules. Institutions, in general, are defined by sets of rules known by the public and applicable for the community. Their existence is essential for the economic activity, as it cannot develop in a vacuum. At the same time, the type and the quality of institutions make the difference in implementing economic aspirations of individuals and in supporting economic overall growth.
Institutions provide a minimum of regulations that in conjunction with the particularities and the interests of individuals and communities become the foundation for economic, political and social decision-making processes.
2011-01-26
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/28427/1/MPRA_paper_28427.pdf
Cioclea, Alexandra Ema (2011): An Overview on Institutionalism and Decentralized Decision-Making.
en
oai:mpra.ub.uni-muenchen.de:28505
2019-09-26T19:14:44Z
7374617475733D707562
7375626A656374733D44:4432:443231
7375626A656374733D44:4438:443831
7375626A656374733D44:4434:443431
7375626A656374733D42:4235:423533
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/28505/
Concorrenza senza equilibrio. La "scoperta imprenditoriale" nella Teoria Economica Austriaca
Marco, Passarella
Hervé, Baron
D21 - Firm Behavior: Theory
D81 - Criteria for Decision-Making under Risk and Uncertainty
D41 - Perfect Competition
B53 - Austrian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
The aim of this paper is to supply both a description and an interpretation-key of the recent developments in the Austrian Economics, with particular attention for the role played by the concept of «entrepreneurial discovery». Without knowing exactly «what» he is looking for and without using a particular research method, the Austrian entre-preneur, like a modern buccaneer, peers at the horizon, waiting for new money profit opportunities.
2010-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/28505/1/MPRA_paper_28505.pdf
Marco, Passarella and Hervé, Baron (2010): Concorrenza senza equilibrio. La "scoperta imprenditoriale" nella Teoria Economica Austriaca. Published in: Storia e Politica , Vol. 2, No. 2 (2010): pp. 416-442.
it
oai:mpra.ub.uni-muenchen.de:29532
2019-09-28T07:28:19Z
7374617475733D756E707562
7375626A656374733D46:4631:463135
7375626A656374733D4E:4E31:4E3130
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/29532/
Beyond Institutionalism: There Lies a Good Set of Trade Policies
Mamoon, Dawood
Murshed, S. Mansoob
F15 - Economic Integration
N10 - General, International, or Comparative
A12 - Relation of Economics to Other Disciplines
B25 - Historical ; Institutional ; Evolutionary ; Austrian
The purpose of this paper is to empirically examine the contribution of trade liberalisation to differences in the level of prosperity across nations. We compare this with the relative contribution of institutional capacity to prosperity, as well as the role of human capital accumulation in that respect. We employ several concepts of institutional quality, trade policy and openness variables following various definitions prevalent in the literature. Unlike in the comparable study by Rodrik et al (2004) we have (a) included a role for human capital, (b) employed six institutional variables compared to one only in Rodrik et al (rule of law), (c) included trade policy variables, and not just openness indicators and (d) expanded the set of openness measures employed. We discover that opening up domestic markets to foreign competition by removing trade restrictions and barriers may be good for economic performance. Secondly, developing human capital is as important as superior institutional functioning for economic wellbeing. We find that openness counts for little per se in explaining income differences across countries. This is because it is an outcome and not a cause. Trade policies, and liberalisation, on the other hand, are not insignificant in explaining cross-country per-capita income variation. With regard to trade policies, export taxes are the most important in explaining cross-country per-capita income differences.
2011-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/29532/3/MPRA_paper_29532.pdf
Mamoon, Dawood and Murshed, S. Mansoob (2011): Beyond Institutionalism: There Lies a Good Set of Trade Policies.
en
oai:mpra.ub.uni-muenchen.de:32088
2019-10-01T04:52:21Z
7374617475733D756E707562
7375626A656374733D42:4234:423431
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/32088/
The genius of Mises and the brilliance of Kirzner
Boettke, Peter
Sautet, Frederic
B41 - Economic Methodology
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B53 - Austrian
Ludwig von Mises and Israel Kirzner are two of the most prominent scholars who have attempted to gain a richer understanding of how the invisible hand operates in coordinating the vast array of economic exchanges that occur on a daily basis in the actual imperfect world. These economists, among others, have sought to demonstrate how human behavior guided by prices, as well as monetary profits and losses, and under a system of private property would adjust and cope with the world's imperfections.
2006
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/32088/1/MPRA_paper_32088.pdf
Boettke, Peter and Sautet, Frederic (2006): The genius of Mises and the brilliance of Kirzner.
en
oai:mpra.ub.uni-muenchen.de:33600
2019-10-06T04:24:24Z
7374617475733D707562
7375626A656374733D42:4232:423230
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33600/
What happened to "efficient markets?"
Boettke, Peter
B20 - General
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B53 - Austrian
The financial crisis of 2008 has challenged the reputation of the free-market economy in the public imagination in a way that it has not been challenged since the Great Depression. The intellectual consensus after World War II was that markets are unstable and exploitive and thus in need of government action on a variety of fronts to counteract these undesirable characteristics. In the United States, this intellectual consensus did not result in nationalization of industry, but in detailed regulation and heavy government involvement in economic life.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33600/1/MPRA_paper_33600.pdf
Boettke, Peter (2010): What happened to "efficient markets?". Published in: Independent Review , Vol. 14, No. 3 (2010)
en
oai:mpra.ub.uni-muenchen.de:33605
2019-10-10T13:38:51Z
7374617475733D707562
7375626A656374733D44:4438:443833
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/33605/
From neuro-Hayekians to subjectivist Hayekians: a reply to Horwitz and Koppl
Boettke, Peter
D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B53 - Austrian
We recognize the comments made by Horwitz (2010) and Koppl (2010) in their replies to D'Amico and Boettke (2010), "Making Sense out of The Sensory Order." Furthermore, this paper hopes to explain what role D'Amico and Boettke do see for cognitive neuroscience in the study of Austrian Economics. Some brief summary comments are presented. Then a general framework of individual learning and its effects upon social institutions and economic processes is described by referring to Cowan and Rizzo (1996) and Denzau and North (1994).
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/33605/1/MPRA_paper_33605.pdf
Boettke, Peter (2010): From neuro-Hayekians to subjectivist Hayekians: a reply to Horwitz and Koppl. Published in: Advances in Austrian Economics , Vol. 13, (2010): pp. 399-410.
en
oai:mpra.ub.uni-muenchen.de:35059
2019-09-26T16:57:07Z
7374617475733D707562
7375626A656374733D42:4231:423130
7375626A656374733D44:4438:443831
7375626A656374733D42:4231
7375626A656374733D44:4438:443832
7375626A656374733D42:4232:423235
7375626A656374733D47:4730:473031
7375626A656374733D47:4731:473138
7375626A656374733D42:4235:423539
7375626A656374733D5A:5A31:5A3131
7375626A656374733D43:4337:433732
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/35059/
Money, credit and finance in The Arcades Project
Estrada, Fernando
B10 - General
D81 - Criteria for Decision-Making under Risk and Uncertainty
B1 - History of Economic Thought through 1925
D82 - Asymmetric and Private Information ; Mechanism Design
B25 - Historical ; Institutional ; Evolutionary ; Austrian
G01 - Financial Crises
G18 - Government Policy and Regulation
B59 - Other
Z11 - Economics of the Arts and Literature
C72 - Noncooperative Games
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems appropriate at a time when the financial crisis should be taught as a deeper crisis. Walter Benjamin is placed beyond its time, with a powerful sense of observation worthy of emulation analytical.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/35059/1/MPRA_paper_35059.pdf
Estrada, Fernando (2010): Money, credit and finance in The Arcades Project. Published in: Social Science Research Network (2013)
en
oai:mpra.ub.uni-muenchen.de:37911
2019-09-26T11:28:31Z
7374617475733D707562
7375626A656374733D42:4235:423532
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/37911/
On error: undisciplined thoughts on one of the causes of intellectual path dependency
Yalcintas, Altug
B52 - Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
Is there not any place in the history of ideas for the imperfect character of human doings (i.e. capability of error) that is repeated for so long until we lately start to think that it had long been wrong? The answer is: In the conventional histories of ideas there is almost none. The importance of the phenomenon,however, is immense. Intellectual history is full of errors. Scholarly errors are among the factors that generate intellectual pathways in which consequences of historical small events feed back up on each other positively and give rise to historical pathologies in the end. Pathways hold the intellectuals dependent on the consequences of errors which interact upon each other and prevent resulting pathologies to disappear fully. As a result, ideas do not converge to a level of perfection. Evolutionary account of errors suggests that errors in the history of ideas matter even though they are often corrected.
2011
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/37911/1/MPRA_paper_37911.pdf
Yalcintas, Altug (2011): On error: undisciplined thoughts on one of the causes of intellectual path dependency. Published in: Ankara University SBF Dergisi / Ankara University SBF Review , Vol. 2, No. 66 (2011): pp. 215-233.
en
oai:mpra.ub.uni-muenchen.de:37936
2019-09-28T09:42:18Z
7374617475733D707562
7375626A656374733D42:4233:423331
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/37936/
The ‘Coase Theorem’ vs. Coase theorem proper: How an error emerged and why it remained uncorrected so long
Yalcintas, Altug
B31 - Individuals
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
The question of what is the 'Coase Theorem?' has no simple answer. The majority of articles covering a variety of issues on the 'Coase Theorem' still misrepresent the main message of Coase (1960). The remaining controversy over the 'Coase Theorem' is because the literature on Coase (1960) has been locked into a pathway which was set out by Stigler’s 1996 book, The Theory of Price. Even almost 50 years after the publication of Coase’s original article, the consequence of the initial condition under which Coase’s contribution was first formulated (Stigler 1966) is not perfectly eliminated. The evolution of the 'Coase Theorem' has now become an example to intellectual path dependence in economics.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/37936/1/MPRA_paper_37936.pdf
Yalcintas, Altug (2010): The ‘Coase Theorem’ vs. Coase theorem proper: How an error emerged and why it remained uncorrected so long. Published in: Social Science Research Network No. SSRN-id1628163 (2010)
en
oai:mpra.ub.uni-muenchen.de:38027
2019-09-27T10:25:28Z
7374617475733D707562
7375626A656374733D43:4336
7375626A656374733D44:4438:443831
7375626A656374733D43:4336:433633
7375626A656374733D44:4438:443832
7375626A656374733D44:4438:443835
7375626A656374733D42:4232:423235
7375626A656374733D44:4438:443834
7375626A656374733D45:4532:453237
7375626A656374733D43:4330:433032
7375626A656374733D43:4336:433631
7375626A656374733D44:4438
7375626A656374733D45:4533:453337
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/38027/
Adaptive interactive profit expectations using small world networks and runtime weighted model averaging
Bell, William Paul
C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling
D81 - Criteria for Decision-Making under Risk and Uncertainty
C63 - Computational Techniques ; Simulation Modeling
D82 - Asymmetric and Private Information ; Mechanism Design
D85 - Network Formation and Analysis: Theory
B25 - Historical ; Institutional ; Evolutionary ; Austrian
D84 - Expectations ; Speculations
E27 - Forecasting and Simulation: Models and Applications
C02 - Mathematical Methods
C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis
D8 - Information, Knowledge, and Uncertainty
E37 - Forecasting and Simulation: Models and Applications
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network to simulate the flow of information between firms. The AIE model is tested against a profit expectations survey. The paper introduces “runtime weighted model averaging” and the “pressure to change profit expectations index” (px). Runtime weighted model averaging combines the Bayesian Information Criteria and Kolmogorov’s Complexity to enhance the prediction performance of models with varying complexity but a fixed number of parameters. The px is a subjective measure representing decision making in the face of uncertainty. The paper benchmarks the AIE model against the rational expectations hypothesis, finding the firms may have adequate memory although the interactive component of AIE model needs improvement. Additionally the paper investigates the efficacy of a tuneable network and equilibrium averaging. The tuneable network produces widely spaced multiple equilibria and runtime weighted model averaging improves prediction but there are issues with calibration.
2008-12-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/38027/1/MPRA_paper_38027.pdf
Bell, William Paul (2008): Adaptive interactive profit expectations using small world networks and runtime weighted model averaging. Published in: Biomedical Applications of Micro- and Nanoengineering IV and Complex Systems (Proceedings Volume) , Vol. 7270, (30 December 2008)
en
oai:mpra.ub.uni-muenchen.de:38387
2019-09-26T10:04:27Z
7374617475733D756E707562
7375626A656374733D42:4232:423231
7375626A656374733D4C:4C31:4C3131
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423235
7375626A656374733D42:4231:423135
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/38387/
Competition
Salvadori, Neri
Signorino, Rodolfo
B21 - Microeconomics
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
B14 - Socialist ; Marxist
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B15 - Historical ; Institutional ; Evolutionary
B12 - Classical (includes Adam Smith)
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
This is an entry produced for the Handbook of the History of Economic Analysis, edited by Gilbert Faccarello and Heinz D. Kurz (eds). Volume 3. Cheltenham, UK and Northampton, MA, USA: Edward Elgar, forthcoming.
We analyze competition as rivarly in a race, as a specific market structure, and as a discovery procedure. We also explore the relation of competition with class struggle and competition policy.
2011-04-07
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/38387/1/MPRA_paper_38387.pdf
Salvadori, Neri and Signorino, Rodolfo (2011): Competition.
en
oai:mpra.ub.uni-muenchen.de:39796
2019-09-28T02:57:08Z
7374617475733D707562
7375626A656374733D45:4536:453632
7375626A656374733D45:4534:453432
7375626A656374733D45:4535:453538
7375626A656374733D42:4235:423530
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/39796/
Money creation and control from Islamic perspective
Hasan, Zubair
E62 - Fiscal Policy
E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems
E58 - Central Banks and Their Policies
B50 - General
B25 - Historical ; Institutional ; Evolutionary ; Austrian
This paper deals with familiar facts in monetary economics from an unfamiliar angle. It argues that it is not factual to regard the legal tender money and bank credit as of different genus: they work in tandem to the same ends in an economy, conventional or Islamic. Also, it does not matter what serves as money – solid gold or flimsy paper – for keeping its value stable; only the blind would argue that staff is indispensable for walking. Money is just an instrument: it was never nor can ever be classified into Islamic and non-Islamic. What it does – good or bad – depends on how we use it. Money does not generate crises; its mismanagement does. It follows that the refuge the world is searching today from recurring financial crises does not lie in money substance: history testifies that national economies could not remain turmoil-free during the centuries of the yellow metal sway over the monetary scene. The paper concludes that it is the human factor that has been the source of good or evil for mankind including money matters. And the quality of human factor true religion can alone improve: morality without faith is rudderless.
2011-01-23
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/39796/1/MPRA_paper_39796.pdf
Hasan, Zubair (2011): Money creation and control from Islamic perspective. Published in: Review of Islamic economics , Vol. 15, No. 1 : pp. 93-111.
en
oai:mpra.ub.uni-muenchen.de:41440
2019-10-01T18:48:46Z
7374617475733D707562
7375626A656374733D45:4533:453332
7375626A656374733D45:4535:453531
7375626A656374733D45:4534:453430
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423533
7375626A656374733D47:4732:473231
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/41440/
How can we anticipate crises?
Vieru, Elena Bianca
E32 - Business Fluctuations ; Cycles
E51 - Money Supply ; Credit ; Money Multipliers
E40 - General
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B53 - Austrian
G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages
Every crisis should teach us a valuable lesson. However, it seems that we learn almost nothing since they still
occur from time to time strongly affecting the world economies. The basic question from where we started our research
and to which we tried to answer as clearly as possible is the following: How can we anticipate future crises before they
begin to make their presence felt on the global economic scene? The answer is both simple and handy, as the most
consistent and relevant explanations in this regard come from the Austrian School of economics. We refer, in
particular, to the theory of business cycle. Analyzing this problem, we discovered multiple causes, or better said clues
that might help us anticipate and recognize the onset time of economic recessions. We will focus on two of them,
considered to be the most important ones. The first clue is closely linked to an expansionary monetary policy that led to
a deterioration of credit and to inflation. The second sign that we will be argued in this paper, a sign in close
connection with the first clue, is due to the application of protectionist measures or, in other words, the second cause
was actually the state’s interventionism.
2011-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/41440/1/MPRA_paper_41440.pdf
Vieru, Elena Bianca (2011): How can we anticipate crises? Published in: The Annals of The "Ştefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration , Vol. 11, No. 2(14) (2011): pp. 128-134.
en
oai:mpra.ub.uni-muenchen.de:42802
2019-09-27T04:42:23Z
7374617475733D707562
7375626A656374733D42:4235:423532
7375626A656374733D44:4430:443032
7375626A656374733D42:4235:423530
7375626A656374733D4F:4F33:4F3333
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/42802/
Facilities of Original Institutional Economics in Research of Institutional Changes
Volchik, Vyacheslav
B52 - Institutional ; Evolutionary
D02 - Institutions: Design, Formation, Operations, and Impact
B50 - General
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
B25 - Historical ; Institutional ; Evolutionary ; Austrian
Institutional changes in the economy have been the research subject of many economists, the majority of studies are carried out within neoinstitutionalism. In this paper the author attempts to analyze current institutional changes in terms of the old or traditional institutionalism. The author focuses, on the one hand, on the study of asynchrony transformation of regulation mechanisms, and institutions, on the other hand. As an important factor the collective action of special interest groups are considered in the analysis of institutional changes.
2011-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/42802/1/MPRA_paper_42802.pdf
Volchik, Vyacheslav (2011): Facilities of Original Institutional Economics in Research of Institutional Changes. Published in: JOURNAL OF ECONOMIC REGULATION , Vol. 2, No. 4 (2012): pp. 24-38.
en
oai:mpra.ub.uni-muenchen.de:42967
2019-10-01T04:44:18Z
7374617475733D707562
7375626A656374733D48:4832:483232
7375626A656374733D48:4832:483235
7375626A656374733D4C:4C32:4C3236
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/42967/
The Corporate Income Tax: An Entrepreneurial Perspective
Filoso, Valerio
H22 - Incidence
H25 - Business Taxes and Subsidies
L26 - Entrepreneurship
B25 - Historical ; Institutional ; Evolutionary ; Austrian
While corporate income taxation is a major issue in the debate over international finance, economic theory has no clear stance on who bears its burden. On balance, economists seem still more prone to accept that taxing profits does not affect corporations’ outcomes. This paper makes three cases for non-neutrality. First, since corporate income taxation is asymmetric between profit and loss, the tax rate may change the ranking of alternative investments. Secondly, the imperfect observability of the use of internal resources makes pure economic profits very difficult to detect. Thirdly, when the pervasive role of entrepreneurship is fully taken into account, corporate income taxation appears clearly as a direct tax on market adjustments and successful speculation.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/42967/1/MPRA_paper_42967.pdf
Filoso, Valerio (2010): The Corporate Income Tax: An Entrepreneurial Perspective. Published in: The Quarterly Journal of Austrian Economics , Vol. 13, No. 1 (2010): pp. 99-123.
en
oai:mpra.ub.uni-muenchen.de:43238
2019-10-01T15:08:56Z
7374617475733D756E707562
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43238/
Outlook of China’s State-Owned Enterprises Transformation
hu, yi
B25 - Historical ; Institutional ; Evolutionary ; Austrian
This paper created a framework for a dynamic institutional analysis. (1) Reduction of the conviction and motivation inside economic factors (We think that this is the inducing factors of system changes ), (2) system changes will be ultimately beneficial to the efficiently allocation of resources, (3) the typical economic factors. This is from the old institutional analysis framework, Mr. Frank Knight's economic thought and historical materialism. Based on this analytical framework, we researched Transformation of China's state-owned enterprises, we come to conclusion that it is the time for the market forces play an basic role in the allocation of resources.
2012-05-17
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43238/1/MPRA_paper_43238.pdf
hu, yi (2012): Outlook of China’s State-Owned Enterprises Transformation.
en
oai:mpra.ub.uni-muenchen.de:43493
2019-10-03T23:03:35Z
7374617475733D707562
7375626A656374733D42:4235:423532
7375626A656374733D41:4131:413132
7375626A656374733D42:4230:423030
7375626A656374733D42:4231:423135
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43493/
İktisat doga bilimlerinin Mekke’si mi oluyor?: Toplumsal ve doga bilimleri iliskisi uzerine bir atıf analizi
Yalcintas, Altug
B52 - Institutional ; Evolutionary
A12 - Relation of Economics to Other Disciplines
B00 - General
B15 - Historical ; Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
This essay argues that articles in economics, especially in the fields of evolutionary and institutional economics, are as much cited in biology as in economics. The citation analysis conducted in the essay suggests that economics is now becoming the Mecca of biology.
2012
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43493/1/MPRA_paper_43493.pdf
Yalcintas, Altug (2012): İktisat doga bilimlerinin Mekke’si mi oluyor?: Toplumsal ve doga bilimleri iliskisi uzerine bir atıf analizi. Published in: Darwin ve Evrimsel Iktisat (2010): pp. 85-100.
tr
oai:mpra.ub.uni-muenchen.de:43844
2019-09-26T15:47:54Z
7374617475733D707562
7375626A656374733D42:4234:423431
7375626A656374733D42:4232:423235
7375626A656374733D4C:4C34:4C3430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43844/
Neoliberalism Under Debate
cavalieri, duccio
B41 - Economic Methodology
B25 - Historical ; Institutional ; Evolutionary ; Austrian
L40 - General
The neoliberal economic and political practice is still worldwide present. But deregulation is no longer very popular. New rules are imposed. Easy consumer credit and excessive issues of financial liabilities are recognized as directly responsible for the crisis. Neoliberal policies ultimately failed to encourage investment, to strengthen productivity and to promote diversification. They did not induce higher economic growth and increased financial stability. They did not succeed in reducing poverty, exploitation and inequalities, in relieving public debt, in lowering the volatility of international capital flows and in sustaining the environment. Almost unbelievably, however, they were able to survive these misadventures. They simply changed their name, from conservatives to libertarians, which sounds much better, and carried on. During the global crisis, merchant banks, insurance companies and big corporations with financial difficulties asked everywhere for state support. And they got it. Bailouts became the norm, bankruptcies were reduced to sporadic exceptions.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43844/1/MPRA_paper_43844.pdf
cavalieri, duccio (2010): Neoliberalism Under Debate. Published in: History of Economic Ideas , Vol. 18, No. 3 (2010): pp. 199-208.
en
oai:mpra.ub.uni-muenchen.de:43999
2019-09-26T14:06:26Z
7374617475733D756E707562
7375626A656374733D42:4235:423531
7375626A656374733D42:4232:423231
7375626A656374733D4C:4C31:4C3131
7375626A656374733D42:4231:423134
7375626A656374733D42:4232:423235
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
7375626A656374733D42:4235:423533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/43999/
Classical vs. Neoclassical Conceptions of Competition
Tsoulfidis, Lefteris
B51 - Socialist ; Marxian ; Sraffian
B21 - Microeconomics
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
B14 - Socialist ; Marxist
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B12 - Classical (includes Adam Smith)
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
B53 - Austrian
This article discusses two major conceptions of competition, the classical and the neoclassical. In the classical conception, competition is viewed as a dynamic rivalrous process of firms struggling with each other over the expansion of their market shares at the expense of their competitors. This dynamic view of competition characterizes mainly the works of Smith, Ricardo, J.S. Mill and Marx; a similar view can be also found in the writings of Austrian economists and the business literature. By contrast, the neoclassical conception of competition is derived from the requirements of a theory geared towards static equilibrium and not from any historical observation of the way in which firms actually organize and compete with each other.
2011-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/43999/3/MPRA_paper_43999.pdf
Tsoulfidis, Lefteris (2011): Classical vs. Neoclassical Conceptions of Competition.
en
oai:mpra.ub.uni-muenchen.de:44191
2019-09-26T23:26:06Z
7374617475733D756E707562
7375626A656374733D42:4232:423235
7375626A656374733D42:4232:423234
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/44191/
The Oomph in economic philosophy: a bibliometric analysis of the main trends, from the 1960s to the present
Yalcintas, Altug
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B24 - Socialist ; Marxist ; Sraffian
B41 - Economic Methodology
In this essay, I quantitatively analyze the significance of scholarship in economic philosophy since the 1960s. In order to do so, I examine, through the number of publications and citations, the evolution of the main trends in economic philosophy over a fifty years period. This paper will develop a better conception of how the pathways of major debates, in particular rhetoric of economics (RoE) versus realism in economics (RiE), helped economic philosophy achieve its present status in economics. Viewed through this lens, it is clear that the main trends in the recent history of the discipline have emerged out of the concerns of non-mainstream economists since the 1980s.
2013
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/44191/1/MPRA_paper_44191.pdf
Yalcintas, Altug (2013): The Oomph in economic philosophy: a bibliometric analysis of the main trends, from the 1960s to the present.
en
oai:mpra.ub.uni-muenchen.de:44828
2019-10-01T10:19:08Z
7374617475733D756E707562
7375626A656374733D42:4231:423132
7375626A656374733D42:4232:423232
7375626A656374733D42:4232:423235
7375626A656374733D46:4633:463333
7375626A656374733D4E:4E30
7375626A656374733D4F:4F35:4F3532
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/44828/
L’Europa, l’economia politica e la sua storia
Daniele, SCHILIRO'
B12 - Classical (includes Adam Smith)
B22 - Macroeconomics
B25 - Historical ; Institutional ; Evolutionary ; Austrian
F33 - International Monetary Arrangements and Institutions
N0 - General
O52 - Europe
This paper, inspired from the entry into force of the European Monetary Union, is a reflection on the issue of Europe, political economy and its history. Are recalled a few highlights of economic history and the history of political economy, which coincide with periods of major transformation of the economies of the Western countries and, in particular, Europe. The analysis of the history of economics and the political economists with particular regard to innovation and technological change has allowed us to trace an evolutionary path of the European economy from an agricultural system that turns into an industrial society first and then becomes post-industrial. Finally, from the analysis of the path that led to the definition of the economic and institutional the single currency, What emerges is a positive assessment. But this is subject to some important conditionality regarding the capacity of the future monetary union to meet the real needs of both economic and social rights of citizens of the countries that participate in this challenging project.
1998-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/44828/1/MPRA_paper_44828.pdf
Daniele, SCHILIRO' (1998): L’Europa, l’economia politica e la sua storia.
it
oai:mpra.ub.uni-muenchen.de:46908
2019-10-02T18:41:21Z
7374617475733D707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423235
7375626A656374733D50:5031:503136
7375626A656374733D5A:5A31:5A3130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/46908/
Несвободното възникване на свободния пазар - "Великата трансформация" на Карл Полани
Sedlarski, Teodor
A12 - Relation of Economics to Other Disciplines
B25 - Historical ; Institutional ; Evolutionary ; Austrian
P16 - Political Economy
Z10 - General
An attempt is made to sum up the basic socio-economic issues in Karl Polanyi's book “The Great Transformation”, which is less known by the economists in our country. Suggesting an alternative to Marx's market economic analysis at the early stages of establishing and imposing the capitalist social system, this significant work of Polanyi questions at the same time a lot of the postulates of the modern liberal economic doctrines. The study highlights the formation of free market not as a natural process, based on natural human aptitudes, but on the contrary – as forcing a framework of rules opposed to the traditional social organization of the people.
Bulgarian:
Направен е опит да се обобщят основните социоикономически тези в книгата на Карл Полани “Великата трансформация”, сравнително слабо позната в средите на икономистите у нас. Предлагайки алтернатива на Марксовия стопанскоисторически анализ на ранните етапи от възникването и налагането на капиталистическата обществена система, влиятелната творба на Полани същевременно поставя под въпрос редица от постулатите на съвременните либерални икономически доктрини. Изслед ването представя зараждането на свободния пазар не като естествен процес, основан на природни човешки склонности, а напротив - като силово налагане на рамка от правила, противоречащи на традиционната обществена организация у хората.
2011
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/46908/1/MPRA_paper_46908.pdf
Sedlarski, Teodor (2011): Несвободното възникване на свободния пазар - "Великата трансформация" на Карл Полани. Published in: Economic Thought No. 1 (2011): pp. 51-72.
bg
oai:mpra.ub.uni-muenchen.de:47920
2019-09-27T04:57:20Z
7374617475733D756E707562
7375626A656374733D42:4231
7375626A656374733D42:4231:423131
7375626A656374733D42:4231:423135
7375626A656374733D42:4231:423136
7375626A656374733D42:4232:423233
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/47920/
How Capitalism, University and Mathematics as Institutions Shaped Mainstream Economics
Yefimov, Vladimir
B1 - History of Economic Thought through 1925
B11 - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
B15 - Historical ; Institutional ; Evolutionary
B16 - Quantitative and Mathematical
B23 - Econometrics ; Quantitative and Mathematical Studies
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
The article shows that mainstream economics, which now includes such current as new institutional economics, is the result of an evolution shaped by three institutions (capitalism, university and mathematics) by imposing to the profession of economists their founding beliefs. These beliefs are: ‘laissez-faire’; ‘economic knowledge has a priori and exegetical character’; ‘all mathematical entities exist in reality’; ‘beauty is a criterion for theoretical constructions’; ‘scientific research is a play with axioms and rules of inference’. Because of these beliefs mainstream economics, based on mathematical constructions arbitrarily borrowed from the physics of the nineteenth century, remains cognitively sterile and socially detrimental.
2012-09-29
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/47920/1/MPRA_paper_47920.pdf
Yefimov, Vladimir (2012): How Capitalism, University and Mathematics as Institutions Shaped Mainstream Economics.
en
oai:mpra.ub.uni-muenchen.de:48278
2019-10-01T01:06:55Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48278/
Institutional Cognitive Economics: some recent developments
Gigante, Anna Azzurra
A12 - Relation of Economics to Other Disciplines
B25 - Historical ; Institutional ; Evolutionary ; Austrian
By investigating the connection between mind working and institutional processes, Institutional Cognitive Economics turns out to be the most appropriate in order to overcome some limits in New Institutional Economics. This leads us to develop further this approach. This paper integrates F. Hayek’s theory on knowledge production and A. Bandura’s social cognitive theory with the fertile contributions coming from Self-Organization approach and cognitive path-dependence, by considering also the recent cognitive acquisitions in D. North’s analysis. Then, it proposes a further development. Learning process is broken into smaller sub-processes, each of them is investigated through new analytical tools coming from cognitive psychology and neurobiology. They are T. Higgins’s extension of social cognitive theory and semantic priming concept. These mechanisms clarify well reinforcement and evolution processes of institutional norms, while their genesis finds a convincing explanation in social representations’ theory, as it was formulated by S. Moscovici, which investigates the imaginative dimension ordering perceived data before they are processed into new knowledge.
2013-07-15
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48278/1/MPRA_paper_48278.pdf
Gigante, Anna Azzurra (2013): Institutional Cognitive Economics: some recent developments.
en
oai:mpra.ub.uni-muenchen.de:48957
2019-09-27T05:21:05Z
7374617475733D707562
7375626A656374733D41:4131:413132
7375626A656374733D41:4131:413133
7375626A656374733D41:4131:413134
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D50:5031:503130
7375626A656374733D50:5035:503531
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/48957/
Karl Polanyi and the New Economic Sociology: Notes on the Concept of (Dis)embeddedness
Cardoso Machado, Nuno Miguel
A12 - Relation of Economics to Other Disciplines
A13 - Relation of Economics to Social Values
A14 - Sociology of Economics
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
P10 - General
P51 - Comparative Analysis of Economic Systems
Within the context of the New Economic Sociology, Karl Polanyi is almost universally considered the “father” of the concept of embeddedness. However, this concept has been subject to selective appropriation by this discipline and its relationship to the remaining theoretical edifice constructed by Polanyi has been neglected. It is, in fact, possible to refer to the “great transformation” to which the concept of embeddedness has been subjected: whereas in Polanyi’s work it is associated with the macro(economic) level and is used as evidence of the exceptional nature of the capitalist market economy –disembedded from society – in NES, it is normally associated with the meso (and even micro) level, on the assumption that all economies – including capitalist economies – are embedded
2011
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/48957/1/MPRA_paper_48957.pdf
Cardoso Machado, Nuno Miguel (2011): Karl Polanyi and the New Economic Sociology: Notes on the Concept of (Dis)embeddedness. Published in: RCCS Annual Review No. 3 (2011): pp. 119-140.
en
oai:mpra.ub.uni-muenchen.de:49948
2019-10-01T03:11:03Z
7374617475733D707562
7375626A656374733D42:4231:423130
7375626A656374733D44:4438:443831
7375626A656374733D42:4231
7375626A656374733D44:4438:443832
7375626A656374733D42:4232:423235
7375626A656374733D47:4730:473031
7375626A656374733D47:4731:473138
7375626A656374733D42:4235:423539
7375626A656374733D5A:5A31:5A3131
7375626A656374733D43:4337:433732
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/49948/
Money, credit and finance in The Arcades Project
Estrada, Fernando
B10 - General
D81 - Criteria for Decision-Making under Risk and Uncertainty
B1 - History of Economic Thought through 1925
D82 - Asymmetric and Private Information ; Mechanism Design
B25 - Historical ; Institutional ; Evolutionary ; Austrian
G01 - Financial Crises
G18 - Government Policy and Regulation
B59 - Other
Z11 - Economics of the Arts and Literature
C72 - Noncooperative Games
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems appropriate at a time when the financial crisis should be taught as a deeper crisis. Walter Benjamin is placed beyond its time, with a powerful sense of observation worthy of emulation analytical.
2010
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/49948/1/MPRA_paper_35059.pdf
Estrada, Fernando (2010): Money, credit and finance in The Arcades Project. Published in: Social Science Research Network (2013)
en
oai:mpra.ub.uni-muenchen.de:52427
2019-10-08T16:33:57Z
7374617475733D707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423233
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423532
7375626A656374733D4F:4F34:4F3433
7375626A656374733D50:5031:503136
7375626A656374733D5A:5A31:5A3130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/52427/
Институционална еволюция на обществата към отворен достъп и пазарна размяна?
Sedlarski, Teodor
A12 - Relation of Economics to Other Disciplines
B23 - Econometrics ; Quantitative and Mathematical Studies
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B52 - Institutional ; Evolutionary
O43 - Institutions and Growth
P16 - Political Economy
Z10 - General
This article investigates the analytical line of reasoning in D. North’s, J. Wallis’ and B. Weingast’s research project “Violence and Social Orders”, which unifies in an institutional explanation scheme the control over violence in human societies, the equilibrium of interests among the ruling coalition that secures the peace, and the possible transition to impersonal exchange. As the market exchange isn’t a naturally given form of organizing social interaction, but requires erecting of specific institutional settings, this study demonstrates the new institutional approach to the explanation of the developments in economic history which made free markets and the democratic state organization possible during the European Renaissance. Research projects like Nort’s, Wallis’ and Weingast’s pave the way for creating a modern political economy, which - based on a contemporary analytical apparatus – synthesizes the achievements in the social sciences of the last decades with the tradition of the early economic thought.
2012-06
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/52427/1/MPRA_paper_52427.pdf
Sedlarski, Teodor (2012): Институционална еволюция на обществата към отворен достъп и пазарна размяна? Published in: Economic Alternatives , Vol. 3, (October 2012): pp. 81-102.
bg
oai:mpra.ub.uni-muenchen.de:53587
2019-09-27T09:14:08Z
7374617475733D756E707562
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423532
7375626A656374733D44:4438:443839
7375626A656374733D47:4732:473231
7375626A656374733D5A:5A31:5A3133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/53587/
Trust in banks: a tentative conceptual framework
Butzbach, Olivier
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B52 - Institutional ; Evolutionary
D89 - Other
G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages
Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
Since the 2007-08 crisis, banks in many countries have been facing what seems to be a serious “trust crisis”. This sharp decline in trust in banks and banking, the likely outcome of the near-collapse of banking systems during the crisis, is partly captured by a growing empirical literature. However, this literature presents serious shortcomings, which reflect a more general lack of theorization of trust in banks. This lack of theorization certainly has much to do with the distance between the economic literature on banks and banking and the sociological and economic literature on trust. This paper aims at bridging this gap by proposing a new conceptual framework. In particular, the paper identifies three related dimensions of trust that seem to have relevance for the banking industry: “relational”, “systemic” and “vertical” trust. While mainstream financial intermediation theory and agency theory provide a good understanding of relational trust, they are less well equipped to deal with the other dimensions of trust. The paper, therefore, builds on heterodox theories of money and debt to build a more comprehensive understanding of trust in banks. This tentative conceptual framework, in turn, has implications for current theories of banking and of trust.
2014-01-31
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/53587/1/MPRA_paper_53587.pdf
Butzbach, Olivier (2014): Trust in banks: a tentative conceptual framework.
en
oai:mpra.ub.uni-muenchen.de:54244
2019-10-05T16:36:49Z
7374617475733D707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423235
7375626A656374733D50:5031:503136
7375626A656374733D5A:5A31:5A3130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/54244/
Несвободното възникване на свободния пазар - "Великата трансформация" на Карл Полани
Sedlarski, Teodor
A12 - Relation of Economics to Other Disciplines
B25 - Historical ; Institutional ; Evolutionary ; Austrian
P16 - Political Economy
Z10 - General
An attempt is made to sum up the basic socio-economic issues in Karl Polanyi's book “The Great Transformation”, which is less known by the economists in our country. Suggesting an alternative to Marx's market economic analysis at the early stages of establishing and imposing the capitalist social system, this significant work of Polanyi questions at the same time a lot of the postulates of the modern liberal economic doctrines. The study highlights the formation of free market not as a natural process, based on natural human aptitudes, but on the contrary – as forcing a framework of rules opposed to the traditional social organization of the people.
Bulgarian:
Направен е опит да се обобщят основните социоикономически тези в книгата на Карл Полани “Великата трансформация”, сравнително слабо позната в средите на икономистите у нас. Предлагайки алтернатива на Марксовия стопанскоисторически анализ на ранните етапи от възникването и налагането на капиталистическата обществена система, влиятелната творба на Полани същевременно поставя под въпрос редица от постулатите на съвременните либерални икономически доктрини. Изслед ването представя зараждането на свободния пазар не като естествен процес, основан на природни човешки склонности, а напротив - като силово налагане на рамка от правила, противоречащи на традиционната обществена организация у хората.
2011
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/54244/1/MPRA_paper_46908.pdf
Sedlarski, Teodor (2011): Несвободното възникване на свободния пазар - "Великата трансформация" на Карл Полани. Published in: Economic Thought No. 1 (2011): pp. 51-72.
bg
oai:mpra.ub.uni-muenchen.de:56643
2019-09-29T08:33:19Z
7374617475733D756E707562
7375626A656374733D42:4232:423235
7375626A656374733D48:4831:483130
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/56643/
From Custom to Law – Hayek revisited
Rossi, Guido
Spagano, Salvatore
B25 - Historical ; Institutional ; Evolutionary ; Austrian
H10 - General
The present paper combines legal history with economic theory so to explain the passage from custom to law. Economists have usually explained the shift from customary to statutory law (that is, from spontaneous to formal rules) either in terms contractualism or evolutionism. In the first case, law is the only efficient solution for a Hobbesian-like immanent social conflict. In the second case, customs do create an efficient enough equilibrium. Law comes on a later stage just to formalise an already accepted rule, vesting the custom with a formal status. Neither theory, however, is fully able to explain the transition from custom to law. One struggles with the very acceptance of customs in the first place. The other fails to provide a satisfactorily explanation of the passage from custom to law. The present work seeks to reconcile the two theories by looking at the economic advantages of statutory law over custom. Unlike the first theory, it does not deny that customs may produce a relatively efficient status, but it seeks to explain why, at a certain point, customs were considered as inadequate and statutory law became more desirable. Our answer lies in the publication of written rules, for the presumption of knowledge it entails. Presumption of knowledge of the applicable rules is one of the elements that (oral) customs could not provide to contracts. Although somewhat neglected in many studies on customs and legislation, publication is a crucial element for our understanding of the passage from spontaneous custom to positive law.
The work shall first introduce the passage from customary to statutory law in both legal and economic theories. Then, it will analyse the deep symmetry between the number of agents involved and the number of transactions on the one hand and the progressive replacement of customs with statutes on the other. The conclusions of such an analysis will be used to prove the crucial role played by the presumption of knowledge, which is perhaps the missing link between different economic theories on customs and law.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/56643/1/MPRA_paper_56643.pdf
Rossi, Guido and Spagano, Salvatore (2014): From Custom to Law – Hayek revisited.
en
oai:mpra.ub.uni-muenchen.de:56696
2019-09-30T14:52:18Z
7374617475733D707562
7375626A656374733D42:4231:423135
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423532
7375626A656374733D4E:4E30:4E3031
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/56696/
Професор Георги Данаилов – предвестник на институционализма в България
Sedlarski, Teodor
B15 - Historical ; Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B52 - Institutional ; Evolutionary
N01 - Development of the Discipline: Historiographical; Sources and Methods
This article gives an overview of the life and work of Bulgarian economist Georgi Danailov in the beginning of the 20th century. Studied consequently in Moscow, Berlin, Munich and Vienna under such influential scholars of his time as Chuprov, Yanzhulov, Schmoller, Sombart and Brentano, Danailov became one of the first professors of political economy at the “St. Kliment Ohridski” University of Sofia, established and presided over the respective chair and was among the founding fathers of Bulgarian statistics, demographics and economic history. His textbooks in the above disciplines were extensively used until World War II. A summary is given of Danailov’s major work “Basic principles of the Political Economy” (1906 and 1934) in which he tried to combine the main ideas of German historical school and Russian legal Marxism with classical economic theory. Social institutions are in the center of his analysis making him one of the forerunners of institutional thought in Bulgaria.
2011-02-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/56696/1/MPRA_paper_56696.pdf
Sedlarski, Teodor (2011): Професор Георги Данаилов – предвестник на институционализма в България. Published in: Yearbook of the Faculty of Economics and Business Administration, Sofia University "St. Kliment Ohridski" , Vol. 10, (1 November 2012): pp. 5-23.
bg
oai:mpra.ub.uni-muenchen.de:58393
2019-10-06T21:46:22Z
7374617475733D707562
7375626A656374733D42:4232:423235
7375626A656374733D4F:4F33:4F3331
7375626A656374733D4F:4F33:4F3338
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/58393/
Trapped by the high-tech myth: The need and chances for a new policy rationale
Havas, Attila
B25 - Historical ; Institutional ; Evolutionary ; Austrian
O31 - Innovation and Invention: Processes and Incentives
O38 - Government Policy
Against the backdrop of a strong plea for evidence-based policy, this paper juxtaposes how innovation is analyzed in mainstream economics and evolutionary economics of innovation, as well as their concomitant policy rationales. By discussing the indicators selected for the Innovation Union Scoreboard and another major EU report, it argues that the science-push model of innovation is still highly influential in the EU STI policy circles, despite a rich set of research insights stressing the importance of non-R&D types of knowledge in innovation processes. In conclusion, the chapter highlights the potential drawbacks of the persistent high-tech myth, considers possible reasons for its perseverance and discusses policy implications of the systemic view of innovation. Those include: i) STI policies should promote knowledge-intensive activities in all sectors, including low- and medium-technology industries and services; ii) it is a highly demanding set of tasks to identify systemic failures, devise appropriate policies to tackle those, and organize the required stakeholder dialogues; iii) several policies affect innovation processes and performance, perhaps even more strongly than STI policies, and hence policy goals and tools need to be orchestrated across several policy domains; iv) analysts and policy-makers need to be careful when interpreting their country’s ranking on ‘scoreboards’; v) the choice of an economics paradigm to guide policy evaluation is likely to be decisive.
2014-02
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/58393/1/MPRA_paper_58393.pdf
Havas, Attila (2014): Trapped by the high-tech myth: The need and chances for a new policy rationale. Published in: Hirsch-Kreinsen H, Schwinge I (eds) Knowledge-Intensive Entrepreneurship in Low-Tech Sectors: The Prospects of Traditional Economic Industries (May 2014): pp. 193-217.
en
oai:mpra.ub.uni-muenchen.de:58515
2019-09-27T16:53:54Z
7374617475733D756E707562
7375626A656374733D42:4232
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D4B:4B34
7375626A656374733D4F:4F35
7375626A656374733D4F:4F35:4F3534
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/58515/
Economía Neoinstitucional. Prueba falsable a las hipótesis de Douglass North en Colombia
Estrada, Fernando
B2 - History of Economic Thought since 1925
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
K4 - Legal Procedure, the Legal System, and Illegal Behavior
O5 - Economywide Country Studies
O54 - Latin America ; Caribbean
This paper aims to propose a reading of [des] political order in Colombia, using as a theoretical source of Douglass North's reflections on the economic formation of political institutions. The contributions of this letter are very preliminary in nature and can better be understood taking into account two objectives of the research project: (1) explain why, in Colombia there are very limited conditions for coordinating collective action, (2) what direct and indirect effects on the [des] political order has been armed conflict and civil war.
2004
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/58515/1/MPRA_paper_58515.pdf
Estrada, Fernando (2004): Economía Neoinstitucional. Prueba falsable a las hipótesis de Douglass North en Colombia.
es
oai:mpra.ub.uni-muenchen.de:59019
2019-09-27T17:36:17Z
7374617475733D756E707562
7375626A656374733D42:4231:423132
7375626A656374733D42:4231:423133
7375626A656374733D42:4231:423135
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D48:4835
7375626A656374733D50:5031:503132
7375626A656374733D50:5031:503134
7375626A656374733D50:5031:503136
7375626A656374733D5A:5A31
7375626A656374733D5A:5A31:5A3133
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/59019/
Schumpeter y la Historia del Pensamiento Económico
Estrada, Fernando
B12 - Classical (includes Adam Smith)
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B15 - Historical ; Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
H5 - National Government Expenditures and Related Policies
P12 - Capitalist Enterprises
P14 - Property Rights
P16 - Political Economy
Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology
Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
The History Schumpeter´s of Economic Analysis, is a tour de forcé of scholarship. The display of erudition is 'truly unbelievable. How could one man have acquired and then digested so much knowledge? Not only does the History offer two thousand years of economics, from Aristotle to Paul Samuelson, but also it ranges most expertly over all the other social sciences, history and belles lettres as well. For more than 1,100 pages the prose flows on in a way that one has come to expect from Schumpeterthe fluent style, the vivid analogy, the striking metaphor, the arresting aside. Our goal is to present the central ideas of Schumpeter on the complex relationships between Economic History and Epistemology of Science. This design has three aspects that interest us: (a) its amplitude to conceive the economy as part of the overall development of scientific knowledge; (b) its relevance applied and the examples used by the author; (c) its currently facing tremendous methodological problems facing the economy with the other sciences.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/59019/1/MPRA_paper_59019.pdf
Estrada, Fernando (2014): Schumpeter y la Historia del Pensamiento Económico.
es
oai:mpra.ub.uni-muenchen.de:59075
2019-09-28T15:16:22Z
7374617475733D756E707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4231:423135
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D45:4534:453432
7375626A656374733D45:4536:453632
7375626A656374733D45:4536:453634
7375626A656374733D48:4833
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/59075/
Tax Power and Economics
Estrada, Fernando
González, Jorge Iván
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B15 - Historical ; Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems
E62 - Fiscal Policy
E64 - Incomes Policy ; Price Policy
H3 - Fiscal Policies and Behavior of Economic Agents
The article is divided into two parts. The first describes Hayek's critique of the progressive tax system since its conception of social order and fiscal rationality. Hayek thinks about a key principle in liberal democracies: majority rule. And stretching comments to the influence of morality in taxation decisions. The second is aimed at analyzing the reception of Hayek in constitutional economics Brennan and Buchanan. However, in the interpretation of tax policy has decisively if governments reflect a tyrant or benevolent Leviathan State. The Fiscal Constitution must be accompanied by a monetary constitution. Both constitutional forms are related and prevent leviathánico power of governments, especially when they are short stay. Although, for the authors, the Fiscal Constitution has important implications for monetary constitution.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/59075/1/MPRA_paper_59075.pdf
Estrada, Fernando and González, Jorge Iván (2014): Tax Power and Economics.
en
oai:mpra.ub.uni-muenchen.de:59927
2019-09-27T02:21:08Z
7374617475733D756E707562
7375626A656374733D42:4232:423230
7375626A656374733D42:4232:423235
7375626A656374733D4C:4C31:4C3131
7375626A656374733D4E:4E35:4E3530
7375626A656374733D4E:4E35:4E3536
7375626A656374733D4E:4E39
7375626A656374733D4F:4F35:4F3534
7375626A656374733D51:5131:513133
7375626A656374733D51:5131:513138
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/59927/
Historia de la Economía Cafetera: Colombia
Estrada, Fernando
B20 - General
B25 - Historical ; Institutional ; Evolutionary ; Austrian
L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms
N50 - General, International, or Comparative
N56 - Latin America ; Caribbean
N9 - Regional and Urban History
O54 - Latin America ; Caribbean
Q13 - Agricultural Markets and Marketing ; Cooperatives ; Agribusiness
Q18 - Agricultural Policy ; Food Policy
Fundamental research of the coffee economy have shown that regional class alliances were established imprecisely in the territories, usually in the central mountains of Colombia (although not exclusively or only way) and organized by the State being a necessary response to the inevitable need to defend certain values as embodied and structured regional coherence. Partnerships proposals actively promoted favorable conditions.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/59927/1/MPRA_paper_59927.pdf
Estrada, Fernando (2014): Historia de la Economía Cafetera: Colombia.
es
oai:mpra.ub.uni-muenchen.de:60391
2019-09-28T01:11:39Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4234:423431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60391/
On Schumpeter’s 'The Past and Future of Social Sciences'. A Schumpeterian Theory of Scientific Development?
Lucarelli, Stefano
Baron, Hervé
A12 - Relation of Economics to Other Disciplines
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B41 - Economic Methodology
The present paper, taking the cue from the Italian translation of Vergangenheit und Zukunft der Sozialwissenschaften (The Past and Future of Social Sciences), a Schumpeter’s book which was not always well understood in the literature, tries to pose some questions about Schumpeter’s work. Firstly: is it possible, starting from that book, to reconstruct a Schumpeterian theory of scientific development? Subsequently: is Vergangenheit und Zukunft only «a brief outline of what first became the Epochen [der Dogmen– und Methodengeschichte] and finally the History of Economic Analysis», as Elizabeth Boody Schumpeter wrote in the Editor’s Introduction (July 1952) to the History of Economic Analysis (p. XXXII), or should it be read as a complement of Epochen and, possibly, History? Lastly: is it correct to say that Schumpeter’s work had the ambitious objective of developing a ‘comprehensive sociology’ as the eminent Japanese scholar Shionoya did?
2014-04-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60391/1/MPRA_paper_60391.pdf
Lucarelli, Stefano and Baron, Hervé (2014): On Schumpeter’s 'The Past and Future of Social Sciences'. A Schumpeterian Theory of Scientific Development?
en
oai:mpra.ub.uni-muenchen.de:60662
2019-09-28T16:50:34Z
7374617475733D756E707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4231:423135
7375626A656374733D42:4231:423136
7375626A656374733D42:4232:423232
7375626A656374733D42:4232:423233
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D42:4235:423532
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7375626A656374733D43:4335:433535
7375626A656374733D43:4338:433832
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7375626A656374733D45:4536:453634
7375626A656374733D48:4832:483233
7375626A656374733D48:4832:483236
7375626A656374733D4E:4E31:4E3130
7375626A656374733D4F:4F31:4F3131
7375626A656374733D4F:4F34
7375626A656374733D4F:4F35
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60662/
El capital en el siglo XXI de Thomas Piketty
Estrada, Fernando
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B15 - Historical ; Institutional ; Evolutionary
B16 - Quantitative and Mathematical
B22 - Macroeconomics
B23 - Econometrics ; Quantitative and Mathematical Studies
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
B52 - Institutional ; Evolutionary
C21 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models ; Quantile Regressions
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
C55 - Large Data Sets: Modeling and Analysis
C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data Access
E62 - Fiscal Policy
E64 - Incomes Policy ; Price Policy
H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies
H26 - Tax Evasion and Avoidance
N10 - General, International, or Comparative
O11 - Macroeconomic Analyses of Economic Development
O4 - Economic Growth and Aggregate Productivity
O5 - Economywide Country Studies
This review of the book by Thomas Piketty, the capital in the XXI century, presents the central themes of the work and exposes its scope on the relationship between inequality and wealth. In particular a positive reflections on the progressive tax is added.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60662/1/MPRA_paper_60662.pdf
Estrada, Fernando (2014): El capital en el siglo XXI de Thomas Piketty.
es
oai:mpra.ub.uni-muenchen.de:60682
2019-09-27T12:22:02Z
7374617475733D756E707562
7375626A656374733D42:4231
7375626A656374733D42:4231:423133
7375626A656374733D42:4231:423135
7375626A656374733D42:4231:423136
7375626A656374733D42:4232:423232
7375626A656374733D42:4232:423233
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D42:4235:423532
7375626A656374733D43:4332:433231
7375626A656374733D43:4332:433232
7375626A656374733D43:4338:433832
7375626A656374733D45:4536:453632
7375626A656374733D45:4536:453634
7375626A656374733D48:4832:483233
7375626A656374733D48:4832:483236
7375626A656374733D4E:4E31
7375626A656374733D4F:4F31
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/60682/
Thomas Piketty’s Capital in the 21st Century
Estrada, Fernando
B1 - History of Economic Thought through 1925
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B15 - Historical ; Institutional ; Evolutionary
B16 - Quantitative and Mathematical
B22 - Macroeconomics
B23 - Econometrics ; Quantitative and Mathematical Studies
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
B52 - Institutional ; Evolutionary
C21 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models ; Quantile Regressions
C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data Access
E62 - Fiscal Policy
E64 - Incomes Policy ; Price Policy
H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies
H26 - Tax Evasion and Avoidance
N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations
O1 - Economic Development
This review of the book by Thomas Piketty, The capital in the XXI century, presents the central themes of the work and exposes its scope on the relationship between inequality and wealth. In particular a positive reflections on the progressive tax is added.
2014
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/60682/1/MPRA_paper_60682.pdf
Estrada, Fernando (2014): Thomas Piketty’s Capital in the 21st Century.
en
oai:mpra.ub.uni-muenchen.de:62527
2019-09-26T16:24:53Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D49:4932
7375626A656374733D49:4932:493230
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/62527/
George Orwell and the Incoherence of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
I2 - Education and Research Institutions
I20 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Z11 - Economics of the Arts and Literature
George Orwell's famous fictions, Animal Farm and Nineteen-Eighty Four were intended to advocate democratic socialism by portraying undemocratic forms of socialism as totalitarian. For Orwell, democracy was a political institution which would limit the abuse of power. But there are several problems with democratic socialism which ensure its failure. In Orwell's novel A Clergyman's Daughter, Orwell's views of economics and politics are inconsistent and conflicting in a way that ensures democratic socialism will not succeed on Orwell's terms. Democratic socialism in general is criticized according to F. A. Hayek's Road to Serfdom and John Jewkes's The New Ordeal by Planning, whose arguments differ crucially from those against market socialism by Andrei Shleifer and Robert W. Vishny. An economic analysis of the political institutions of democratic socialism shows that democratic socialism must necessarily fail for political (not economic) reasons even if nobody in authority has ill-intentions or abuses their power.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/62527/1/MPRA_paper_62527.pdf
Makovi, Michael (2015): George Orwell and the Incoherence of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:62528
2019-09-26T11:49:47Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/62528/
Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/62528/1/MPRA_paper_62528.pdf
Makovi, Michael (2015): Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt.
en
oai:mpra.ub.uni-muenchen.de:65657
2019-09-27T19:11:27Z
7374617475733D707562
7375626A656374733D42:4232:423235
7375626A656374733D4E:4E34:4E3434
7375626A656374733D4F:4F32
7375626A656374733D4F:4F32:4F3231
7375626A656374733D50:5031:503131
7375626A656374733D50:5031:503136
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/65657/
Operations Research: Some Experimental Applications
Tyabji, Nasir
B25 - Historical ; Institutional ; Evolutionary ; Austrian
N44 - Europe: 1913-
O2 - Development Planning and Policy
O21 - Planning Models ; Planning Policy
P11 - Planning, Coordination, and Reform
P16 - Political Economy
It was in the late 1930s that the Royal Air Force, while experimenting with new radar stations,made the revolutionary discovery that the scientific placing of radar stations was a problem quite distinct from the technological one of making individual stations work reliably. What was even more revolutionary was the choice of leading physical and biological scientists to solve the problem. This use of the scientific method of enquiry to solve an operational as opposed to a theoretical problem came to be known as Operational Research.
Despite the circumstances of its origin and growth, OR has come to be seen as merely a way of tackling problems by breaking them into smaller problems to make them analytically tractable; the larger institutional causes of these problems are considered outside the ken of OR.
The present paper questions these assumptions and proposes some alternative applications of OR.
1976-11-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/65657/1/MPRA_paper_65657.pdf
Tyabji, Nasir (1976): Operations Research: Some Experimental Applications. Published in: Economic and Political Weekly , Vol. 11, No. 48 (27 November 1976): M-108-M-111.
en
oai:mpra.ub.uni-muenchen.de:66168
2019-10-10T11:29:34Z
7374617475733D696E7072657373
7375626A656374733D42:4232:423235
7375626A656374733D4F:4F31:4F3137
7375626A656374733D4F:4F34:4F3431
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66168/
Conceptual Challenges of Observability for Transaction Sector in Economy
Kuzmin, Evgeny A.
Berdyugina, Oksana N.
Karkh, Dmitri A.
B25 - Historical ; Institutional ; Evolutionary ; Austrian
O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements
O41 - One, Two, and Multisector Growth Models
Stimuli for the sustainable economic development are mainly kept owing to a balanced sectoral structure. An ideal ratio between the transformation (production) and transaction components helps to smooth shocks from crises of institutional reforms. A nature of institutional reforms has led to a conclusion of an evolutionary expansion both in terms of a number of institutions themselves (horizontal supplement), and the complexity in elaborating rules and regulations for the proper behaviour (vertical supplement). These and other causes logically lead to strengthening in the transaction sector. In terms of a missing conventional agreement on an evaluation of the transaction sector in economy, the paper has presented a review and the authors have systematized some typical errors and inconsistencies in approaches. In opposition to the "cost-based" evaluation method by J. Wallis and D. North, the authors have presented an available alternative method to measure the value of the transaction sector using "cost" parameters. The research has shown the efficiency of the used "cost" approach to the evaluation that eliminates significant errors in the recalculation of the volume of the transaction sector in the economy.
2015-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66168/1/MPRA_paper_66168.pdf
Kuzmin, Evgeny A. and Berdyugina, Oksana N. and Karkh, Dmitri A. (2015): Conceptual Challenges of Observability for Transaction Sector in Economy. Forthcoming in: Mediterranean Journal of Social Sciences , Vol. 6, No. 4 S3 (August 2015): pp. 391-402.
en
oai:mpra.ub.uni-muenchen.de:66282
2019-09-27T04:30:20Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66282/
The Incoherence of Democratic Socialism: A Restatement
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
The criticism of democratic socialism by F. A. Hayek's Road to Serfdom (2007 [1944]) and John Jewkes's The New Ordeal by Planning (1968 [1948]) differs crucially from more recent arguments against market socialism made by Andrei Shleifer and Robert W. Vishny (1994). The Hayek-Jewkes argument therefore deserves a restatement. An economic analysis of the political institutions of democratic socialism shows that democratic socialism must necessarily fail for political (not economic) reasons even if nobody in authority has ill-intentions or abuses their power. Shleifer and Vishny show that market socialism will fail to properly incentive rationally utility-maximizing political actors, and that it will entail unacceptable economic inefficiencies. But Hayek and Jewkes go further and show that democracy as a political system and socialism as an economic system are fundamentally incompatible, making the system of democratic socialism logically incoherent.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66282/1/MPRA_paper_66282.pdf
Makovi, Michael (2015): The Incoherence of Democratic Socialism: A Restatement.
en
oai:mpra.ub.uni-muenchen.de:66360
2019-10-06T04:13:28Z
7374617475733D696E7072657373
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66360/
Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66360/3/MPRA_paper_66360.pdf
Makovi, Michael (2015): Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt. Forthcoming in: International Journal of Pluralism and Economics Education No. Forthcoming (2016)
en
oai:mpra.ub.uni-muenchen.de:66476
2019-10-04T17:11:33Z
7374617475733D696E7072657373
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66476/
Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66476/1/MPRA_paper_66476.pdf
Makovi, Michael (2015): Two Opposing Economic-Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt. Forthcoming in: International Journal of Pluralism and Economics Education No. Forthcoming
en
oai:mpra.ub.uni-muenchen.de:66756
2019-09-26T09:28:30Z
7374617475733D707562
7375626A656374733D42:4232:423235
7375626A656374733D4C:4C36:4C3631
7375626A656374733D4F:4F31:4F3131
7375626A656374733D52:5231:523131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66756/
Vertical Integration and Macroeconomic Growth: the Case of the Steel Industry
Scheuplein, Christoph
B25 - Historical ; Institutional ; Evolutionary ; Austrian
L61 - Metals and Metal Products ; Cement ; Glass ; Ceramics
O11 - Macroeconomic Analyses of Economic Development
R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
As a result of the rise in the raw materials market of 2007-08, steel-producing companies are re-thinking their purchasing of iron ore. Integration of upstream mining companies is one option for ensuring the supply of raw materials. This trend is being pursued mostly in the up-and-coming industrial companies of newly industrializing countries. In contrast, the steel companies of mature industrial countries are continuing to rely on the market. This variation in company strategies cannot be explained by current theories of vertical integration such as the Transaction Cost approach and the Global Value Chain approach. This only becomes possible by considering the diverse macroeconomic environment, which is characterized by high profit margins and high investment in the newly industrializing countries. Theoretically, this requires us to borrow arguments from FRANÇOIS PERROUX'S Polarization Theory and arguments from ANDREAS PREDÖHL'S theory of Economic Area Development. This paper contains an empirical investigation of vertical integration based on the steel and iron ore industries, and uses an Indian and a Chinese company as examples.
2010-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66756/6/MPRA_paper_66756.pdf
Scheuplein, Christoph (2010): Vertical Integration and Macroeconomic Growth: the Case of the Steel Industry. Published in: ERDKUNDE – Archive for Scientific Geography , Vol. 64, No. 4 (April 2010): pp. 327-341.
en
oai:mpra.ub.uni-muenchen.de:66811
2019-09-29T12:17:40Z
7374617475733D707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D42:4235:423533
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66811/
F. A. Hayek'in Bilgisizlik Teorisi Çerçevesinde Piyasa, Denge ve Planlama
Göcen, Serdar
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
B53 - Austrian
In this article, the implications of the theory of ignorance developed by Hayek to economic theory and policy will be examined. The theory of ignorance appeared especially in the second period of Hayek’s career and has been applied to the field of economics, politics, and law. Accordingly, people do not have knowledge about the institutions they’ve got today, knowledge which other people have, their actions and the results of them. This kind of knowledge cannot exist as cumulative and the amount of it cannot be enhanced by technological developments. Hence, developing theories, making plans and practices as if we have complete knowledge will not conclude as we desire.
This study will discuss and sum up Hayek’s criticizes on market perception, the assumption of perfectly competitive market, and equilibrium analysis of mainstream economics, his contributions to the possibility of economic calculation in socialism and central planning, and recent development in information theory of mainstream economics.
2015
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66811/1/yil-2015-cilt-20-sayi-3-yazi-20-11092015.pdf
Göcen, Serdar (2015): F. A. Hayek'in Bilgisizlik Teorisi Çerçevesinde Piyasa, Denge ve Planlama. Published in: Suleyman Demirel University , Vol. 20, No. 3 (2015): pp. 385-404.
tr
oai:mpra.ub.uni-muenchen.de:66866
2019-09-28T15:08:05Z
7374617475733D756E707562
7375626A656374733D42:4231:423135
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D44:4430:443033
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/66866/
Behavioural rules: Veblen, Nelson-Winter, Oström and beyond
Blind, Georg
B15 - Historical ; Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
D03 - Behavioral Microeconomics: Underlying Principles
Rules as devices for the analysis of economic behaviour have earned increasing recognition since Elinor Ostrom’s work was awarded the Nobel Memorial Prize in Economics in 2009. This contribution illustrates the use of such analytical device in three foundational pioneering areas of application: The sociology of Thorstein Veblen, the organisational studies of Nelson and Winter, and Elinor Ostrom’s analysis of resource governance systems.
A comparison of their respective uses of the analytical concept of behavioural rules reveals their major objective: the systematic interpretation of empirical observations. While their works provide convincing evidence on the analytical power of rules, neither has realised the full potential for generalisation toward a theory of rule-based economics.
Such generalisation has recently been achieved by Dopfer and Potts. Adhering to ‘instrumental realism’ their theoretical framework integrates key elements of the reasoning about rules presented here, and achieves general applicability to the analysis of the origination and diffusion of rules, and of their use for economic operations.
2015-09-20
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/66866/1/MPRA_paper_66866.pdf
Blind, Georg (2015): Behavioural rules: Veblen, Nelson-Winter, Oström and beyond.
en
oai:mpra.ub.uni-muenchen.de:67189
2019-09-26T10:36:41Z
7374617475733D756E707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4231:423135
7375626A656374733D42:4232:423235
7375626A656374733D42:4233
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67189/
Joseph Schumpeter and Gabriel Tarde on Technological Change and Social Evolution
Michaelides, Panayotis G.
Theologou, Kostas
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B15 - Historical ; Institutional ; Evolutionary
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B3 - History of Economic Thought: Individuals
In this paper, we show that the certain elaborations of the French sociologist Gariel Tarde may be traced throughout Schumpeter’s works. More specifically, we show that Joseph Schumpeter’s views were influenced by the French social philosopher and theoretician Gabriel Tarde who delivered a theory of Social Evolution based on Technological Change as its driving force, closely related to the profiteering function of the economy. Also, we demonstrate that Tarde’s
approach has striking similarities with the Schumpeterian vision of Economic Development, Change and Social Evolution. But there are similarities in their respective methodological approaches as well. For instance, the most striking similarity is that despite the importance he gave to the social stratum, Tarde, just like Schumpeter’s early approach, never fully admitted the determination of the individual’s will by the social forces. In other words, they both attempted to explain social evolution by means of individual initiative. At this point it should be mentioned that Tarde’s theory has been delivered and published about a decade before the publication of the first edition of Schumpeter’s influential Theory of Economic Development. In this context, much of this similarity in visions could
be attributed to Schumpeter having carefully read Tarde and, probably, to certain common intellectual sources of influence. Part of the explanation why this similarity in visions has been inadequately acknowledged, so far, lies in the ignorance of the approaches on which Schumpeter built his treatises. In this framework, after examining the affinities of Schumpeter’s work with Gabriel Tarde, it
is evident that certain Schumpeterian elaborations appear to be less unique.
2009
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67189/1/MPRA_paper_67189.pdf
Michaelides, Panayotis G. and Theologou, Kostas (2009): Joseph Schumpeter and Gabriel Tarde on Technological Change and Social Evolution.
en
oai:mpra.ub.uni-muenchen.de:67257
2019-09-26T11:49:24Z
7374617475733D696E7072657373
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503131
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D5A:5A31:5A3131
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67257/
Two Opposing Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P11 - Planning, Coordination, and Reform
P20 - General
P30 - General
Z11 - Economics of the Arts and Literature
Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of power. This is contrasted with two novels by others who took the opposite approach: Richter's Pictures of the Socialistic Future and Hazlitt's Time Will Run Back. These two assumed that the political implementation of socialism would be perfect but that socialism would necessarily turn totalitarian because of the problem of economic calculation. These novels assumed away the Public Choice problem of institutions and the abuse of power and focused on the political implications of socialism as a purely economic system. Contrasting these two sets of novels shows how the Austrian and Public Choice schools criticize socialism in two entirely different ways.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67257/1/MPRA_paper_67257.pdf
Makovi, Michael (2015): Two Opposing Literary Critiques of Socialism: George Orwell Versus Eugen Richter and Henry Hazlitt. Forthcoming in: International Journal of Pluralism and Economics Education
en
oai:mpra.ub.uni-muenchen.de:67350
2019-09-28T13:15:35Z
7374617475733D707562
7375626A656374733D41:4131:413131
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423430
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67350/
Rethinking of Coase Theorem: Externalities and Uncertainty
Kuzmin, Evgeny A.
Semyonovykh, Sergei M.
A11 - Role of Economics ; Role of Economists ; Market for Economists
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B40 - General
A behaviour of economic agents in many respects depends on taking into account those conditions that have appeared around them. Traditionally, to such conditions, researchers have referred the uncertainty and factors of the institutional control, often projected on a value of the transaction costs. Studies in stimulants for any form of the agents’ behaviour lead us to an analysis of the Coase theorem, which is expected to explain a number of similar regularities. However, ambiguous approaches to the theorem interpretation generate conflicts in a perception and identification of externalities. It is a solution to this challenge, which is a focus of this research. In a critical review of works by Coase and his followers, the theorem statement has been made clearer; we have also put forward a hypothesis on an origin of the externalities and introduced additional criteria to identify them. The paper has given a scientific rationale for an author's assumption that the utility of impure goods depends on the vector of the externalities, which ultimately determines the stratification in a field of the externalities (positive or negative).
2015-10
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67350/1/MPRA_paper_67350.pdf
Kuzmin, Evgeny A. and Semyonovykh, Sergei M. (2015): Rethinking of Coase Theorem: Externalities and Uncertainty. Published in: International Journal of Economics and Financial Issues , Vol. 5, No. 4 (October 2015): pp. 875-883.
en
oai:mpra.ub.uni-muenchen.de:67459
2019-10-01T09:18:13Z
7374617475733D707562
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67459/
Sylos Labini's Unpublished Notes on Schumpeter's Business Cycles
Ferlito, Carmelo
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
E32 - Business Fluctuations ; Cycles
Paolo Sylos Labini (1920–2005) was the one of the most
influential economists in Italy after the Second World War. After graduating in 1942, Sylos Labini won a fellowship in the USA. After an initial period in Chicago, he moved to Harvard, where he was able to attend Schumpeter’s lectures from 1948 to 1950. During this period, Sylos Labini read Schumpeter’s Business Cycles and decided to write down his impressions before giving them to his former professor in
February 1949, who discussed them over a couple of lessons. These notes are still unpublished, and Sylos gave me a copy at our first meeting (2002), saying that it was time to publish them. This paper discusses the content of the unpublished notes, focusing on the critical aspects of
Schumpeter’s business cycle theory to which Labini draws attention.
In the last section, I present Sylos Labini’s business cycle theory, an interesting mix of Schumpeterian, Keynesian and Marxian elements.
2011-04
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67459/1/MPRA_paper_67459.pdf
Ferlito, Carmelo (2011): Sylos Labini's Unpublished Notes on Schumpeter's Business Cycles. Published in: The Quarterly Journal of Austrian Economics , Vol. 14, No. 1 (April 2011): pp. 88-129.
en
oai:mpra.ub.uni-muenchen.de:67694
2019-09-27T16:32:42Z
7374617475733D696E7072657373
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423533
7375626A656374733D4C:4C32:4C3236
7375626A656374733D4F:4F33:4F3331
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67694/
Entrepreneurship: State of grace or human action? Schumpeter’s leadership vs Kirzner’s alertness.
Ferlito, Carmelo
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B53 - Austrian
L26 - Entrepreneurship
O31 - Innovation and Invention: Processes and Incentives
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
Joseph A. Schumpeter developed a very well-known theory of entrepreneurs and entrepreneurship, centred on the concept of ‘new combinations’. According to him, innovation and entrepreneurship are destructive elements driving the system beyond an equilibrium position and setting in motion a competitive process, in order to reach a new equilibrium point. Though Austrian, Schumpeter was never a member of the Austrian School of Economics. However, his position as regards entrepreneurship is widely commented on by Austrian School members. In particular, Israel M. Kirzner devoted his research activity to develop an alternative concept of entrepreneurship rooted in Misesian human action and the concept of ‘alertness’. This paper aims to analyze and compare the two positions, in an attempt not so much to stress differences but to find possible common paths for further developments of the concept of entrepreneurship.
2015-05-12
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67694/1/MPRA_paper_67694.pdf
Ferlito, Carmelo (2015): Entrepreneurship: State of grace or human action? Schumpeter’s leadership vs Kirzner’s alertness. Forthcoming in: European Journal of Economic and Social Syestems (2015)
en
oai:mpra.ub.uni-muenchen.de:67708
2019-09-28T21:11:59Z
7374617475733D756E707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423533
7375626A656374733D45:4533:453332
7375626A656374733D45:4535:453538
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67708/
At the Root of Economic Fluctuations: Expectations, Preferences and Innovation. Theoretical Framework and Empirical Evidences.
Ferlito, Carmelo
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B53 - Austrian
E32 - Business Fluctuations ; Cycles
E58 - Central Banks and Their Policies
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
The present paper aim to develop the Austrian Theory of Business Cycle in order to conclude that economic fluctuations are unavoidable. The conventional version of Austrian business cycle theory focuses on a temporary imbalance between natural and monetary rates of interest. When, because of the role of monetary authorities in defining the monetary rate, the two values are in a situation of imbalance, the resulting expansion stage is followed by a recession. On the other hand, if instead the expansive phase arises without any interference by monetary authorities but through re-adaptation of the productive structure to a modified structure of temporal preferences, a period of sustainable growth begins that will not be followed by a crisis. The purpose of this essay is to demonstrate, on the other hand, that because of profit-expectations and the combined action of Schumpeterian elements (imitations-speculations and the ‘creation of money’ by banks), even a so-called ‘sustainable’ boom will be affected by a liquidation and settling crisis. What distinguishes the latter situation from the conventional case of imbalance between monetary and natural rates is not the onset or otherwise of a crisis but, rather, its intensity and duration. We will define as natural an economic cycle characterised by a stage of expansion considered to be ‘sustainable’ in the Austrian theory but followed by an inevitable readjustment crisis. In conclusion we will try to link our theoretical conclusions with the crisis emerged in the Western world in 2007, to test the explanatory power of our theoretical framework.
2015-09-01
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67708/1/MPRA_paper_67708.pdf
Ferlito, Carmelo (2015): At the Root of Economic Fluctuations: Expectations, Preferences and Innovation. Theoretical Framework and Empirical Evidences.
en
oai:mpra.ub.uni-muenchen.de:67709
2019-09-26T14:03:24Z
7374617475733D756E707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67709/
Ludwig M. Lachmann Against the Cambridge School. Macroeconomics, Microfoundations, Expectations, Rate of Profit, Equilibrium and Innovations.
Ferlito, Carmelo
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
E32 - Business Fluctuations ; Cycles
While in the early 1930s Keynes and Hayek were the major figures in a heated academic debate about money and capital, in which Keynes also and especially involved the Italian Piero Sraffa, it might seem at first sight that the Austrian economist set aside an organic demolition of the ideas expressed in 1936 by his rival in the General Theory.
But the ‘Austrian knight’ of a new Vienna-Cambridge debate, in the subsequent decades, was the German economist Ludwig M. Lachmann (1906-1990), a student of Hayek at LSE during the 1930s and later a professor in Johannesburg and New York. Lachmann was one of the protagonists of the Austrian revival after 1974 and the founding leader of the ‘hermeneutic stream’, opposed by the Rothbardian stream.
Lachmann, defending Keynes’s subjectivism and expectation theory, revived the Vienna-Cambridge controversy, criticising not Keynes but his followers, in particular the ‘new’ Cambridge School, developed by Joan Robinson and Piero Sraffa.
2014-11-30
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67709/1/MPRA_paper_67709.pdf
Ferlito, Carmelo (2014): Ludwig M. Lachmann Against the Cambridge School. Macroeconomics, Microfoundations, Expectations, Rate of Profit, Equilibrium and Innovations.
en
oai:mpra.ub.uni-muenchen.de:67712
2019-10-05T05:10:38Z
7374617475733D707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423533
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67712/
Il Ciclo Naturale. Perche' le fluttuazioni economiche sono inevitabili. Un'estensione schumpeteriana della teoria austriaca del ciclo economico
Ferlito, Carmelo
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B53 - Austrian
E32 - Business Fluctuations ; Cycles
The conventional version of Austrian business cycle theory focuses on a temporary imbalance between natural and monetary rates of interest. When, because of the role of monetary authorities in defining the monetary rate, the two values are in a situation of imbalance, the resulting expansion stage is followed by a recession. On the other
hand, if instead the expansive phase arises without any interference by monetary authorities but through re-adaptation of the productive structure to a modified structure of temporal preferences, a period of sustainable growth begins that will not be followed by a crisis. The purpose of this essay is to demonstrate, on the other hand, that because of profit expectations and the combined action of Schumpeterian elements (imitations-speculations and the ‘creation of money’ by banks), even a so-called ‘sustainable’ boom will be affected by a liquidation and settling crisis. What distinguishes the latter situation from the conventional case of imbalance between monetary and natural rates is not the onset or otherwise of a crisis but, rather, its intensity and duration. We will define as natural an economic cycle characterised by a stage of expansion considered to be ‘sustainable’ in the Austrian theory but followed by an inevitable readjustment crisis.
2014-06-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67712/1/MPRA_paper_67712.pdf
Ferlito, Carmelo (2014): Il Ciclo Naturale. Perche' le fluttuazioni economiche sono inevitabili. Un'estensione schumpeteriana della teoria austriaca del ciclo economico. Published in: Ludwig von Mises Italia (12 September 2014)
it
oai:mpra.ub.uni-muenchen.de:67745
2019-09-28T21:11:59Z
7374617475733D707562
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D50:5032:503231
7375626A656374733D50:5032:503232
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67745/
Bruno Leoni and the Socialist Economic Calculation Debate
Ferlito, Carmelo
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
P21 - Planning, Coordination, and Reform
P22 - Prices
The Italian contribution to the Socialist Economic Calculation Debate (SECD) cannot be limited to the important and fundamental works by Pareto and Barone. In fact, if their contributions are still ambiguous and we have to wait for the Mises’ paper in 1920 in order to get the needed clarifications, during the 1960s Bruno Leoni follows the Austrian footsteps on the topic, stimulating in Italy a great debate. Bruno Leoni’s role is important because of the debate he promotes and the scholars he involves, but also because he places the matter of the socialist economic calculation in the broader context of the rule of law.
2013-03-31
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67745/1/MPRA_paper_67745.pdf
Ferlito, Carmelo (2013): Bruno Leoni and the Socialist Economic Calculation Debate. Published in: Procesos de Mercado: Revista Europea de Economía Política , Vol. X, No. 1 (31 March 2013): pp. 37-64.
en
oai:mpra.ub.uni-muenchen.de:67747
2019-09-26T21:37:56Z
7374617475733D707562
7375626A656374733D42:4232:423235
7375626A656374733D42:4233:423331
7375626A656374733D42:4235:423533
7375626A656374733D45:4533:453332
7375626A656374733D45:4536:453633
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67747/
Garrison's Capital-Based Macroeconomics: The Role of Deficit, Credit Control and Taxation
Ferlito, Carmelo
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B31 - Individuals
B53 - Austrian
E32 - Business Fluctuations ; Cycles
E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy ; Stabilization ; Treasury Policy
It could be quite simple to quite simple to argue that, in the realm of the Austrian School of Economics, public finance plays no role. However, the Austrian perspective is very wide and, starting from Hayek, it is possible to trace a path that arrives to Roger Garrison.
Garrison’s capital-based macroeconomics is the attempt to write a new general macroeconomics founded on time, expectations and capital. Starting from that basic graphic tool called Hayek’s triangle, Garrison tries to verify which instruments, in the field of political economy, are consistent with a sustainable growth. He considers the following cases: deficit finance, deficit spending (inert government projects, nationalized industries, infrastructures) and tax reform, recognizing a role to fiscal policy, but stressing the preference for a general institutional change.
2011-06-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67747/1/MPRA_paper_67747.pdf
Ferlito, Carmelo (2011): Garrison's Capital-Based Macroeconomics: The Role of Deficit, Credit Control and Taxation. Published in: Public Finance: Lessons from the Past and Effects on the Future (2012): pp. 105-122.
en
oai:mpra.ub.uni-muenchen.de:67759
2019-10-01T00:34:41Z
7374617475733D707562
7375626A656374733D42:4231:423133
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4234:423431
7375626A656374733D45:4533:453332
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/67759/
Ludwig M. Lachmann contro la Scuola di Cambridge
Ferlito, Carmelo
B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B41 - Economic Methodology
E32 - Business Fluctuations ; Cycles
While in the early 1930s Keynes and Hayek were the major figures in a heated academic debate about money
and capital, in which Keynes also and especially involved the Italian Piero Sraffa, it might seem at first sight that the Austrian economist set aside an organic demolition of the ideas expressed in 1936 by his rival in the General Theory.
But the ‘Austrian knight’ of a new Vienna-Cambridge debate, in the subsequent decades, was the German economist
Ludwig M. Lachmann (1906-1990), a student of Hayek at LSE during the 1930s and later a professor in Johannesburg
and New York. Lachmann was one of the protagonists of the Austrian revival after 1974 and the founding leader of the
‘hermeneutic stream’, opposed by the Rothbardian stream.
Lachmann, defending Keynes’s subjectivism and expectation theory, revived the Vienna-Cambridge controversy,
criticising not Keynes but his followers, in particular the ‘new’ Cambridge School, developed by Joan Robinson and Piero
Sraffa. Lachmann’s life sight was to build a new economics paradigm, centred on the idea of market process,
expectations and kaleidic society (Shackle).
2015-08-22
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/67759/1/MPRA_paper_67759.pdf
Ferlito, Carmelo (2015): Ludwig M. Lachmann contro la Scuola di Cambridge. Published in: Ludwig von Mises Italia (28 October 2015)
it
oai:mpra.ub.uni-muenchen.de:68384
2019-09-27T03:55:25Z
7374617475733D756E707562
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423532
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/68384/
Evolution-Based Approaches in Economics and Evolutionary Loss of Information
Heinrich, Torsten
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B52 - Institutional ; Evolutionary
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
Evolutionary economics provides a self-organizing stabilizing mechanism without relying on mechanic equilibria. However, there are substantial differences between the genetic evolutionary biology, and the evolution of institutions, firms, routines or strategies in economics. Most importantly, there is no genetic codification and no sexual reproduction in economic evolution, and the involved agents can interfere consciously and purposefully. This entails a general lack of fixation and perhaps the quick loss of information through a Muller's ratchet like mechanism. The present contribution discusses the analogy of evolution in biology and economics and considers potential problems resulting in evolutionary models in economics.
2015-12-14
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/68384/2/MPRA_paper_68384.pdf
Heinrich, Torsten (2015): Evolution-Based Approaches in Economics and Evolutionary Loss of Information.
en
oai:mpra.ub.uni-muenchen.de:69526
2019-09-28T11:48:08Z
7374617475733D707562
7375626A656374733D42:4232
7375626A656374733D42:4232:423231
7375626A656374733D42:4232:423235
7375626A656374733D44:4434
7375626A656374733D44:4436
7375626A656374733D44:4436:443633
7375626A656374733D4E:4E32
7375626A656374733D4E:4E32:4E3235
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/69526/
HISBAH DAN MEKANISME PASAR: Studi Moralitas Pelaku Pasar Perspektif Ekonomi Islam
Jaelani, Aan
B2 - History of Economic Thought since 1925
B21 - Microeconomics
B25 - Historical ; Institutional ; Evolutionary ; Austrian
D4 - Market Structure, Pricing, and Design
D6 - Welfare Economics
D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
N2 - Financial Markets and Institutions
N25 - Asia including Middle East
Market mechanisms in the era of globalization associated with the paradigm of the market economy along with the development of socialist economy, capitalist, or mixed.
The market mechanism is a problem when the inefficient allocation of resources, market imperfections, and the cause of economic backwardness. With the approach of Islamic
history of economic thought in reading the "text" and analyze the "context" could find that the institution has historically experienced hisba institutional transformation as a market watchdog agencies and religious institutions that represent the social and economic role in anticipating market problems. This hisba institution or whatever his name to the current context is very significant in creating the equity market.
2011-10-05
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/69526/1/MPRA_paper_69526.pdf
Jaelani, Aan (2011): HISBAH DAN MEKANISME PASAR: Studi Moralitas Pelaku Pasar Perspektif Ekonomi Islam. Published in: Jurnal Inklusif, Pascasarjana IAIN Syekh Nurjati Cirebon , Vol. 2, No. Market in Islamic Economic (5 October 2011): pp. 1-23.
id
oai:mpra.ub.uni-muenchen.de:70111
2019-10-06T04:41:26Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70111/
The Impossibility of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
The Public Choice criticism of democratic socialism by F. A. Hayek's Road to Serfdom (2007 [1944]) and John Jewkes's The New Ordeal by Planning (1968 [1948]) differs crucially from more recent Public Choice criticism of market socialism by Andrei Shleifer and Robert W. Vishny (1994) and deserves a restatement. Shleifer and Vishny show that market socialism will fail to properly incentive rationally utility-maximizing political actors, and that it will entail unacceptable economic inefficiencies. But Hayek and Jewkes go further and show that democracy as a political system and socialism as an economic system are fundamentally incompatible, making the system of democratic socialism logically incoherent. Democracy cannot fulfill for socialism what democratic socialists expect from it. Democratic socialism will fail, not because those in power will betray their trust or abuse their power, but because the fundamental institutional constraints of democracy are incompatible with socialist economics.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70111/1/MPRA_paper_70111.pdf
Makovi, Michael (2015): The Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:70160
2019-09-26T15:57:32Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70160/
The Impossibility of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
The Public Choice criticism of democratic socialism by F. A. Hayek's Road to Serfdom (2007 [1944]) and John Jewkes's The New Ordeal by Planning (1968 [1948]) differs crucially from more recent Public Choice criticism of market socialism by Andrei Shleifer and Robert W. Vishny (1994) and deserves a restatement. Shleifer and Vishny show that market socialism will fail to properly incentive rationally utility-maximizing political actors, and that it will entail unacceptable economic inefficiencies. But Hayek and Jewkes go further and show that democracy as a political system and socialism as an economic system are fundamentally incompatible, making the system of democratic socialism logically incoherent. Democracy cannot fulfill for socialism what democratic socialists expect from it. Democratic socialism will fail, not because those in power will betray their trust or abuse their power, but because the fundamental institutional constraints of democracy are incompatible with socialist economics.
2015-02-27
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70160/1/MPRA_paper_70160.pdf
Makovi, Michael (2015): The Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:70172
2019-09-28T09:05:47Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70172/
The Impossibility of Democratic Socialism: Two Conceptions of Democracy
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny (1994) have used Public Choice analysis to criticize market socialism. Peter J. Boettke (1995) and Peter T. Leeson and Boettke (2002) have argued that F. A. Hayek's Road to Serfdom (2007 [1944]) constituted a form of Public Choice analysis as well, in particular presaging an application of Arrow's Impossibility Theorem to democratic socialism. This essay demonstrates that additionally, Hayek's book adumbrated the distinction between liberal or limited democracy and illiberal or totalitarian democracy. This distinction between two conceptions of democracy provides another means of criticizing democratic socialism. The democratic political system and socialist economic system are fundamentally incompatible, making democratic socialism impossible, in the sense that democracy cannot fulfill for socialism what democratic socialists expect from it. Democratic socialism will fail, not because those in power will betray their trust or abuse their power, but because the fundamental institutional constraints of democracy are incompatible with socialist economics.
2016-03-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70172/1/MPRA_paper_70172.pdf
Makovi, Michael (2016): The Impossibility of Democratic Socialism: Two Conceptions of Democracy.
en
oai:mpra.ub.uni-muenchen.de:70173
2019-09-27T17:17:32Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70173/
Interest Groups and the Impossibility of Democratic Socialism: Hayek, Jewkes, and the Arrow Theorem
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny (1994) have used Public Choice analysis to criticize market socialism. Peter J. Boettke (1995) and Peter T. Leeson and Boettke (2002) have argued that F. A. Hayek's Road to Serfdom (2007 [1944]) constituted a form of Public Choice analysis as well. Boettke and Leeson say that Hayek adumbrated a form of Arrow's Impossibility Theorem. This essay shows that Hayek was joined by John Jewkes in presaging a form of the Arrow theorem. In addition, this essay expands on the analysis by Boettke and Leeson, elucidating the broader implications which the Arrow theorem has for democratic socialism in particular. Democratic socialism is demonstrated to be impossible, in the sense that it cannot successfully accomplish the goals of its advocates. This is because the Arrow theorem implies that democratic political institutions are fundamentally incompatible with socialist economics.
2016-03-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70173/1/MPRA_paper_70173.pdf
Makovi, Michael (2016): Interest Groups and the Impossibility of Democratic Socialism: Hayek, Jewkes, and the Arrow Theorem.
en
oai:mpra.ub.uni-muenchen.de:70174
2019-09-28T18:23:37Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70174/
Labor Economics in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) is associated with the claim that political and economic freedom cannot be distinguished (cf. Lawson and Clark 2010), using the famous example that there can be no freedom of speech where the government owns the printing presses. Less well-known is F. A. Hayek's example, drawn from labor economics, used to illustrate the same principle. Hayek was joined in this by his less well-known colleague, John Jewkes. Hayek and Jewkes argued that without a freely operating price system, central economic planning cannot function without compulsory regimentation of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. Hayek's and Jewkes's examples help explain why democratic socialism is impossible, in the sense that it cannot accomplish what its advocates desire.
2016-03-21
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70174/1/MPRA_paper_70174.pdf
Makovi, Michael (2016): Labor Economics in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:70308
2019-09-30T12:52:36Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D46:4630
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70308/
The Foreign Policy of a Democratic Socialist Regime: From Intervention to Protection to Warfare
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
F0 - General
P10 - General
P20 - General
P30 - General
P50 - General
Discussions of democratic socialism have focused on whether that system is compatible with domestic civil liberties. Less attention has been paid to its foreign policy implications. Despite the widespread acceptance of the democratic peace hypothesis, democratic socialism would be incompatible with peaceful foreign relations. Economic intervention and economic planning – even democratic – cannot be successful without insulating the domestic economy from foreign competition. This implies economic nationalism and autarky. Moreover, democratic socialism is often justified by the notion that the democratic will of the people should be absolutely sovereign. Such a conception of democracy has no place for constitutional limits on power. Such an unlimited democracy would soon prove illiberal and liable to be captured by a demagogic authoritarian dictator, and this would only exacerbate the deleterious foreign policy consequences of economic nationalism. Democratic socialism is therefore incompatible with the cosmopolitan and humanitarian values of democratic socialists.
2016-03-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70308/1/MPRA_paper_70308.pdf
Makovi, Michael (2016): The Foreign Policy of a Democratic Socialist Regime: From Intervention to Protection to Warfare.
en
oai:mpra.ub.uni-muenchen.de:70309
2019-10-01T21:04:07Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70309/
The Impossibility of Democratic Socialism: Two Conceptions of Democracy
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny (1994) have used Public Choice analysis to criticize market socialism. Peter J. Boettke (1995) and Peter T. Leeson and Boettke (2002) have argued that F. A. Hayek's Road to Serfdom (2007 [1944]) constituted a form of Public Choice analysis as well, in particular presaging an application of Arrow's Impossibility Theorem to democratic socialism. This essay demonstrates that additionally, Hayek's book adumbrated the distinction between liberal or limited democracy and illiberal or totalitarian democracy. This distinction between two conceptions of democracy provides another means of criticizing democratic socialism. The democratic political system and socialist economic system are fundamentally incompatible, making democratic socialism impossible, in the sense that democracy cannot fulfill for socialism what democratic socialists expect from it. Democratic socialism will fail, not because those in power will betray their trust or abuse their power, but because the fundamental institutional constraints of democracy are incompatible with socialist economics.
2016-03-25
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70309/1/MPRA_paper_70309.pdf
Makovi, Michael (2016): The Impossibility of Democratic Socialism: Two Conceptions of Democracy.
en
oai:mpra.ub.uni-muenchen.de:70474
2019-09-26T11:57:40Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437:443730
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70474/
The Impossibility of Democratic Socialism in a Factionalized Society: Hayek, Jewkes, and the Arrow Theorem
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D70 - General
P10 - General
P20 - General
P30 - General
P50 - General
Andrei Shleifer and Robert W. Vishny (1994) use Public Choice analysis to criticize market socialism, but they dismiss Hayek's Road to Serfdom (2007 [1944]) as irrelevant. Contrariwise, Peter J. Boettke (1995) and Peter T. Leeson with Boettke (2002) argue that Hayek (2007 [1944]) advanced a form of Public Choice analysis, including an adumbration of Arrow's Impossibility Theorem. This essay shows that John Jewkes joined Hayek in presaging a form of the Arrow theorem. In addition, this essay elucidates the specific implications which the Arrow theorem has for democratic socialism. Democratic socialism is impossible, in the sense that it cannot successfully accomplish the goals of its advocates, because the Arrow theorem implies that democratic political institutions are fundamentally incompatible with socialist economics. Similar problems apply to deliberative democracy.
2016-04-03
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70474/1/MPRA_paper_70474.pdf
Makovi, Michael (2016): The Impossibility of Democratic Socialism in a Factionalized Society: Hayek, Jewkes, and the Arrow Theorem.
en
oai:mpra.ub.uni-muenchen.de:70604
2019-10-13T18:38:38Z
7374617475733D756E707562
7375626A656374733D41:4131:413132
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70604/
Labor in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism
Makovi, Michael
A12 - Relation of Economics to Other Disciplines
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) is associated with the claim that political freedom presupposes economic freedom (cf. Lawson and Clark 2010). Friedman's famous example is that there cannot be freedom of speech where the government owns the printing presses. Less well-known is F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing from labor economics. Absent a freely operating price system, economic planning cannot function without resorting to compulsory assignment of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. This counters Farrant and McPhail (2009)'s claim that Hayek was incorrect in applying his thesis to the modern welfare state. Labor economics helps demonstrate why democratic socialism is impossible, in the sense that it cannot accomplish what its advocates desire.
2016-04-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70604/1/MPRA_paper_70604.pdf
Makovi, Michael (2016): Labor in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:70964
2019-10-15T09:43:20Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
7375626A656374733D4A:4A33:4A3330
7375626A656374733D4A:4A34:4A3437
7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/70964/
Labor in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) is associated with the claim that political freedom presupposes economic freedom (cf. Lawson and Clark 2010). Friedman's famous example is that there cannot be freedom of speech where the government owns the printing presses. Less well-known is F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing from labor economics. Absent a freely operating price system, economic planning cannot function without resorting to compulsory assignment of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. This counters Farrant and McPhail (2009)'s claim that Hayek was incorrect in applying his thesis to the modern welfare state. Labor economics helps demonstrate why democratic socialism is impossible, in the sense that it cannot accomplish what its advocates desire.
2016-04-08
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/70964/1/MPRA_paper_70964.pdf
Makovi, Michael (2016): Labor in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism.
en
oai:mpra.ub.uni-muenchen.de:71031
2019-09-27T15:18:49Z
7374617475733D707562
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423532
7375626A656374733D43:4334:433434
7375626A656374733D4F:4F33:4F3333
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/71031/
QWERTY, ЙЦУКЕН и српска ћирилица: треба ли нам нови стандард?
Bukvić, Rajko
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B52 - Institutional ; Evolutionary
C44 - Operations Research ; Statistical Decision Theory
O33 - Technological Change: Choices and Consequences ; Diffusion Processes
The article considers the compatibility of the Serbian cyrilic with the script layouts that is on the keyboards of typewriters and computers used. With the short overview on the most popular keyboard layout (so called universal, i.e. QWERTY, that is primarily intended to Anglo-Saxon and German world, and ЙЦУКЕН, intended to the part of the world that use the Cyrillic script), it is pointed that the layout that now as Serbian named is, realy the minor modification of the QWERTY is. In the second part of the article, with the use of Markov chains, on the empirical example of the Migration, one of the most popular novel of the Serbian literature, it was shown the incompatibility of these layouts for the Serbian Cyrillic script, and with this the need for new standard was emphasized.
У раду се анализира компатибилност српског ћириличног писма с распоредима слова који се користе на тастатурама писаћих машина, односно компјутера. Уз кратак осврт на најзаступљеније распореде (тзв. универзални, односно QWERTY, намењен превасходно англосаксонском и германском свету, и ЙЦУКЕН, намењен делу света који користи ћирилично писмо), указује се да је распоред који данас важи за „српску тастатуру” заправо мања модификација QWERTY-ја. У другом делу рада, уз коришћење апаратуре Марковљевих ланаца, на емпиријском примеру Сеоба, једног од најпознатијих романа српске књижевности, показана је некомпатибилност ових распореда за српско ћирилично писмо и тиме истакнута потреба тражења новог стандарда.
2016
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/71031/1/MPRA_paper_71031.pdf
Bukvić, Rajko (2016): QWERTY, ЙЦУКЕН и српска ћирилица: треба ли нам нови стандард? Published in: Зборник Матице српске за друштвене науке (Matica Srpska Social Sciences Quarterly) , Vol. 67, No. 154 (1) (2016): pp. 1-17.
sr
oai:mpra.ub.uni-muenchen.de:71262
2019-10-04T03:54:34Z
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https://mpra.ub.uni-muenchen.de/71262/
Labor in a Planned Economy: Hayek and Jewkes on the Reliance of Freedom on Prices
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) is known for the claim that political freedom presupposes economic freedom (cf. Lawson and Clark 2010). Friedman's famous example is that there cannot be freedom of speech where the government owns the printing presses. Less well-known is F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing from labor economics. Economic planning – the abandonment of a freely operating price system – cannot function without resorting to compulsory assignment of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. Among Hayek's enduring contributions, therefore, is a demonstration that liberty hangs on the maintenance of the price-system.
2016-05-11
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/71262/1/MPRA_paper_71262.pdf
Makovi, Michael (2016): Labor in a Planned Economy: Hayek and Jewkes on the Reliance of Freedom on Prices.
en
oai:mpra.ub.uni-muenchen.de:71296
2019-09-28T04:51:36Z
7374617475733D756E707562
7375626A656374733D42:4232:423234
7375626A656374733D42:4232:423235
7375626A656374733D42:4235:423531
7375626A656374733D42:4235:423533
7375626A656374733D44:4437
7375626A656374733D4A:4A30
7375626A656374733D4A:4A30:4A3030
7375626A656374733D4A:4A32:4A3230
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7375626A656374733D50:5031:503130
7375626A656374733D50:5032:503230
7375626A656374733D50:5033:503330
7375626A656374733D50:5035:503530
74797065733D7061706572
https://mpra.ub.uni-muenchen.de/71296/
The Freedom of the Prices: Hayek and Jewkes on Labor in a Planned Economy
Makovi, Michael
B24 - Socialist ; Marxist ; Sraffian
B25 - Historical ; Institutional ; Evolutionary ; Austrian
B51 - Socialist ; Marxian ; Sraffian
B53 - Austrian
D7 - Analysis of Collective Decision-Making
J0 - General
J00 - General
J20 - General
J30 - General
J47 - Coercive Labor Markets
P10 - General
P20 - General
P30 - General
P50 - General
Milton Friedman (1962) famously argued there can be no freedom of speech where the government owns the printing presses. According to Friedman, political freedom presupposes economic freedom (cf. Lawson and Clark 2010). Less well-known are F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing from labor economics. Economic planning – the abandonment of a freely operating price-system – cannot function without resorting to compulsory assignment of labor. Similarly, no state may simultaneously fix “fair” wages and demand a given pattern of productive output and employment. It is impossible to both achieve income equality and accomplish an economic plan. Among Hayek's enduring contributions, therefore, is a demonstration that liberty hangs on the maintenance of the price-system.
2016-05-13
MPRA Paper
NonPeerReviewed
application/pdf
en
https://mpra.ub.uni-muenchen.de/71296/1/MPRA_paper_71296.pdf
Makovi, Michael (2016): The Freedom of the Prices: Hayek and Jewkes on Labor in a Planned Economy.
en
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