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Alfred Marshall’s methodological essay, “The Present Position of Economics” (1885). The radicalapproach identifies the … world. Marshall’s methodology places the relationship between theory and empiricaltools on center stage. In North America …
Persistent link: https://www.econbiz.de/10009475548
We examine Ralph W. Souter's defence, in the 1930s, of Marshall's Principles against Robbins' attempt to recast … economics as a 'purely formal science of implications'. Souter elaborated on Marshall's invocations progressively to increase … the realism of economic science and contrasted this perspective on Marshall with Robbins' atomistic bias, neglect of …
Persistent link: https://www.econbiz.de/10009480712
on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the … subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory … that the questions about co-ordination that Keynes addressed, not to mention some of his answers, are well worth revisiting. …
Persistent link: https://www.econbiz.de/10009447272
This thesis investigates the consequences of model uncertainty and persistence in consumption habits and price-setting behaviour in a New Keynesian model.As the decision of a central bank is made in an uncertain environment, the analysis of uncertainty is essential in monetary policy models. In...
Persistent link: https://www.econbiz.de/10009449715