Showing 1 - 10 of 619
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
In less than fifteen years, the world has experienced the worst financial crisis since the 1930’s, the worst global pandemic since the flu in 1918, and the largest war fought since the Second World War. This manuscript argues that these crises are not isolated events. The main thesis is that...
Persistent link: https://www.econbiz.de/10015214330
participants receive cues emphasizing social norms, on the other hand, both economics and non-economics students are less likely to …Many experimental studies report that economics students tend to act more selfishly than students of other disciplines … and Israel with participants from both economics and non-economics majors. In the experiments, participants face a …
Persistent link: https://www.econbiz.de/10015213431
developments in economics in several areas, such as general equilibrium, game theory, informational economics, and institutional … economics provide a road to successfully blend Keynes with traditional and contemporary neoclassical economics. Keynes wrote …
Persistent link: https://www.econbiz.de/10015214326
models in Welfare Economics, General Equilibrium Theory, Information Economics and Game Theory have created the necessity to … integrate the neoclassical theory of free markets and the insti-tutional theory. It argues that while the main goal of economics … contributions of the free markets, and of neoclassical economics which have seriously influenced the digital and financial …
Persistent link: https://www.econbiz.de/10015214334
The Net Present Value maximizing model shows fallacies and inconsistencies that may be easily unmasked by performing a cognitive analysis of the decision-making process implied by the maximization problem. The model may be conveniently rescued if the maximizing version of the criterion is shunt...
Persistent link: https://www.econbiz.de/10015215739
The Net Present Value maximizing model shows fallacies and inconsistencies that may be easily unmasked by performing a cognitive analysis of the decision-making process implied by the maximization problem. The model may be conveniently rescued if the maximizing version of the criterion is shunt...
Persistent link: https://www.econbiz.de/10015215750
TThe Net Present Value maximizing model has a respectable ancestry and is considered by most scholars a theoretically sound decision model. In real-life applications, decision makers use the NPV rule, but apply a subjectively determined hurdle rate, as opposed to the “correct” opportunity...
Persistent link: https://www.econbiz.de/10015215760
TThe Net Present Value maximizing model has a respectable ancestry and is considered by most scholars a theoretically sound decision model. In real-life applications, decision makers use the NPV rule, but apply a subjectively determined hurdle rate, as opposed to the “correct” opportunity...
Persistent link: https://www.econbiz.de/10015215765
The aim of this paper is to offer a general overview of the institutionalist approach to economics, hoping to make … some of the weaknesses of neoclassical economics will be performed in latter sections of the article -being one of them the …
Persistent link: https://www.econbiz.de/10015216060