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eine Gegenüberstellung der neoklassisch-wohlfahrtsökonomischen Theorie des Föderalismus einerseits und des mit dem Namen …
Persistent link: https://www.econbiz.de/10011698428
We study the general equilibrium properties of two growth models with overlapping generations, habit formation and endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in fertility; station- ary income per capita is...
Persistent link: https://www.econbiz.de/10011753141
Many transition policies, based on neoclassical economics, failed in Eastern Europe, the former Soviet Union, and China. This paper argues that the failure is due to the viability assumption in neoclassical economics. Neoclassical economics implicitly assumes that a firm is expected to earn a...
Persistent link: https://www.econbiz.de/10011470722
This paper discusses some of the recent developments in growth theory, doing so from the perspective of a small open …
Persistent link: https://www.econbiz.de/10011506527
In this paper we demonstrate that the Post-Keynesian Two-Gap Model merits its destiny as a ghost in economic discussions not only as a result of the well-known neoclassical criticism on its assumptions but also because of its general inconsistency. If adjusted for this inconsistency the Two-Gap...
Persistent link: https://www.econbiz.de/10011918468
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring ”constant Frisch elasticity” (CFE) preferences. We derive...
Persistent link: https://www.econbiz.de/10011605220
Persistent link: https://www.econbiz.de/10011385033
Persistent link: https://www.econbiz.de/10011385122
Marxists love to hate the theory of capital as power, or CasP for short. And they have two good reasons. First, CasP … criticizes the logical and empirical validity of the labour theory of value on which Marxism rests. And second, it offers the …. Villarreal (2022), titled 'Capital, Capitalization, and Capitalists: A Critique of Capital as Power Theory'. In his article …
Persistent link: https://www.econbiz.de/10013417377
In a recent article, Nicolas D. Villarreal claims that our empirical analysis of the relation between business power and industrial sabotage in the United States is unpersuasive, if not deliberately misleading. Specifically, he argues that we cherry-pick specific data definitions and smoothing...
Persistent link: https://www.econbiz.de/10013485521