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This article is about the relationship between visions and theory. In the modern vision, the world is a collection of …
Persistent link: https://www.econbiz.de/10015188160
Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over … the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an … basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers: the theory …
Persistent link: https://www.econbiz.de/10012627049
Friedrich Hayek was a fervent advocate of the methodological specificity of the social sciences. However, given his contact with Karl Popper, several historians and philosophers have characterised his final position as Popperian, that is, a position that would have accepted the unity of the...
Persistent link: https://www.econbiz.de/10012623451
Keynes’s revolutionary ideas exposed in the General Theory have been "lost in translation". This brief note is an attempt to … reconcile Pernecky and Wojick’s claim that Keynes’s new economics of the General Theory and Walrasian General Equilibrium are …
Persistent link: https://www.econbiz.de/10013173052
Persistent link: https://www.econbiz.de/10013173053
This essay examines the relationship between Austrian economics and economic history. It notes their different origins as scholarly fields, and divergent trajectories over the course of the twentieth century, before discussing recent examples of cross-fertilization and pointing to areas of...
Persistent link: https://www.econbiz.de/10015051905
The rise of the "New History of Capitalism" as a subfield of historical studies has magnified differences between economists and historians which started to grow during the 1970s. We describe what is and what is not new about the New History of Capitalism and explain how the different...
Persistent link: https://www.econbiz.de/10013267801
Persistent link: https://www.econbiz.de/10015196478
Recently, some theological ethicists have criticized modern economics for offering a rival theology that undermines an appreciation for creation and God’s gifts. In their view, through the logic of opportunity cost, economics substitutes a tragic world of scarcity for God’s abundance....
Persistent link: https://www.econbiz.de/10012887525
here refers not to a specific theory, but to a paradigm. It is argued that Kuhn's notion of paradigm can be applied to … theory, but to a paradigm. It is argued that Kuhn's notion of paradigm can be applied to economics, but, in contrast to the …
Persistent link: https://www.econbiz.de/10012617458