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None of the known macroeconomic theories are adequate to understand what to do in a global crisis like the 2020 Global Pandemic. Rational Expectations and monetarism cannot even ex-plain how is that a global crisis like this happens. The IS-LM model was designed to manage business cycles, but...
Persistent link: https://www.econbiz.de/10015214327
In this brief note describes the trajectory of the fractal models / multifractal F / M by Benoit Mandelbrot. The promise was discovered by the geometry of Mandelbrot covers a broad area of research fields, from meteorology and mathematical physics to the individual and collective behavior in...
Persistent link: https://www.econbiz.de/10015223727
In social sciences there has been a long debate between the defenders of institutionalism and those of liberalism. The debate has centered around the relationship that exists between the individual (agent) and the social institutions (social structure). In general, liberalism defends that the...
Persistent link: https://www.econbiz.de/10015214325
Revolutions do not consolidate until they blend with the establishment to create a new world. Keynes understood it, and that is why he titled his masterwork The General Theory. But he was unsuccessful in the blending. In 2020-21, it is argued in here, we all follow Keynes, but with insufficient...
Persistent link: https://www.econbiz.de/10015214326
The main issue of this article is to discuss the question of ‘precarity’ in the context of the theory of social quality (see Beck et al, 2001), with which to pave the way for developing further the theoretical foundation of precarity. Societal practice is the main challenge this concept...
Persistent link: https://www.econbiz.de/10015216169
I have been invited to write an essay for The American Economist on my experiences as founder and editor of the Cambridge University Press journal, Macroeconomic Dynamics. I have decided to focus the essay on my experiences in starting up the journal. Few economists, who have not themselves...
Persistent link: https://www.econbiz.de/10015217700
In this article it is realized an inventory of the production of academic and scientific articles about economics in Colombian Caribbean Coast in the last 10 years. The document analyses the scientific production in economics realized in the Caribbean Coast and about the Caribbean Coast, in...
Persistent link: https://www.econbiz.de/10015218516
This paper develops a hypothesis of the economist Albert Hirschman in: The Rhetoric of Reaction, Perversity, Futility, Jeopardy (Harvard 1991) regarding the history of the Independence of Colombia. The Rhetoric of Independence extended the geographical worldview of the people of Spanish...
Persistent link: https://www.econbiz.de/10015222041
This paper aims to explore the relevance of the Theory of Argumentation TA in the complex area of financial reporting. Specifically, we investigated the scope of the phenomenon of persuasion in advertising. It examines advertisements in publications notable economic movement in Colombia. The...
Persistent link: https://www.econbiz.de/10015222363
Taking as good the famous definition of economics attributed to Viner, “Economics is what economists do”, it is surprising to see how little the history of economics has addressed the matter of what economists actually do, above all outside the USA. The vast mass of data on research output...
Persistent link: https://www.econbiz.de/10015224584