Search Results - subject:"Fallacy of composition"

Price Competition and the Fallacy of Composition in Developing Country Exports of Manufactures: Estimates of Short-Run Growth Effects

Razmi, Arslan; Blecker, Robert - Department of Economics, University of Massachusetts-Amherst - 2005

exhibit a “fallacy of composition,” in the sense that a real depreciation relative to competing developing country exporters …

Persistent link: https://www.econbiz.de/10005342589

Complexity and Endogenous Instability

Al-Suwailem, Sami - Dipartimento di Economia e Management, Università … - 2012

The global financial crisis proved the critical impact of the gap between individual rationality and group rationality. This gap is not supposed to arise in a Neoclassical world, but it frequently arises in a world as complex as ours. The paper explores how endogenous instability might arise due...

Persistent link: https://www.econbiz.de/10009421509

Deficit reduction policies, market credibility and market failure

Kitromilides, Yiannis - In: International Journal of Public Policy 7 (2011) 1/2/3, pp. 40-50

failure'? An example of market failure is the so called 'fallacy of composition' case: if an indebted individual wants to …

Persistent link: https://www.econbiz.de/10010670279

Foundations or Bridges? A Review of J. E. King's The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics

Hoover, Kevin D. - Center for the History of Political Economy

A review of J.E. King’s The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics.

Persistent link: https://www.econbiz.de/10010878264