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Research on the recent European financial crisis has prompted exploration of the harmonic and disharmonic views of international economic relations. The former, more liberal view is based on the Ricardian and Neoclassical trade theories. The latter is derived from pre-Smithian mercantilist...
Persistent link: https://www.econbiz.de/10010615435
This is a comment on Gintis (2007, 'The Dynamics of General Equilibrium', Economic Journal 117 (523) , 1280–1309), who provides an agent-based model of a Walrasian economy where the tâtonnement is replaced by imitation. His simulations show that the economy converges to the Walrasian...
Persistent link: https://www.econbiz.de/10005766506
L'ouvrage de Duménil et Lévy rouvre le débat, fondamental en économie, entre le point de vue classique de la production et celui de l'échange qui s'opposent comme deux disciplines, différentes par l'objet, plus que par la méthode. Le premier met au cœur de l'analyse le profit, d'où l'on...
Persistent link: https://www.econbiz.de/10008505564
While leading figures in the early history of economics conceived of it as inseparable from philosophy and other humanities, there has been movement, especially in recent decades, towards its becoming an essentially technical field with narrowly specialized areas of inquiry. Certainly,...
Persistent link: https://www.econbiz.de/10008861855
utility functions of consumers, of the maximum distance, over observations, between social endowments and aggregate …
Persistent link: https://www.econbiz.de/10010747848
- In biology, the evolution of species is influenced by two types of complementarities. One type is mostly related to the synergies among and within organisms, while the other is the outcome of conflicts among different species and among members of the same species. In both conflictual and...
Persistent link: https://www.econbiz.de/10010714053
The aim of this paper is to investigate in some detail the origins of Knight’s antipositism and to assess the main influences that brought him to a change in methodological perspective after 1921. As importantly, what follows is also an attempt to increase our general understanding of the...
Persistent link: https://www.econbiz.de/10011123769
inequalities for an exchange economy, where each consumer is endowed with an indirect utility function in Gorman polar form. If the …
Persistent link: https://www.econbiz.de/10011124282
We propose a formal model of scientific modeling, geared to applications of decision theory and game theory. The model highlights the freedom that modelers have in conceptualizing social phenomena using general paradigms in these fields. It may shed some light on the distinctions between (i)...
Persistent link: https://www.econbiz.de/10010928978
Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Brown and Shannon (2002) derived an equivalent system of...
Persistent link: https://www.econbiz.de/10010934351