Showing 1 - 10 of 36
Persistent link: https://www.econbiz.de/10011120870
Emergence is a unifying theme of both evolutionary economics and complex systems theory. In spite of this centrality, emergence in economics has not been subject to an extensive critical analysis. This paper remedies this deficit. We identify several conditions that economic patterns (i.e....
Persistent link: https://www.econbiz.de/10011048163
We examine the inseparability of capital formation and economic organisation in capitalist economic systems. Capital possesses a complex, multilevel (micro, meso, macro) structure that is always in the process of transformation. Levels of the capital structure are interdependent and interactive....
Persistent link: https://www.econbiz.de/10010581326
We elaborate a systems approach to the nature of capital that develops the work of Menger and Lachmann (the "ML trajectory"). We propose a "layer cake" metaphor to capture the kernel of the ML approach and contrast it with the neoclassical metaphor of capital as an amorphous, homogeneous...
Persistent link: https://www.econbiz.de/10008507084
<italic>We examine various, sometimes divergent, conceptions of capital and its structure in the Austrian tradition from Menger (</italic><italic>1871</italic><italic>) to Lachmann (</italic><italic>1956</italic><italic>). We outline Menger’s methodological and philosophical position that recommends investigating the morphology of capital—its shape, form, and...</italic>
Persistent link: https://www.econbiz.de/10009292870
Persistent link: https://www.econbiz.de/10010682640
The authors regret that the above paper contained an error in the calculation of the survey expansion weights (Lambert et al., 2014, p. 110). Using the notation of the paper, the expansion factor for the lth stratum was introduced as wl =agbh=ngh, where g indexes states and h indexes farm size...
Persistent link: https://www.econbiz.de/10011143212
Persistent link: https://www.econbiz.de/10011120840
Persistent link: https://www.econbiz.de/10011120905
Empirical research concerned with the trust individual's may or may not have in surveillance systems has largely been gauged through opinion poll and survey type research. Although these may be useful in augmenting broad patterns of trust based attitudes, this article argues that they tend to...
Persistent link: https://www.econbiz.de/10010822298