Showing 1 - 10 of 800
The growth surge produced by East Asian newly industrialised nations since 1970s has been a central theme of research and debate amongst many social scientists and policy makers. From an “institutionalist” perspective, the idea of “development state” was theorised to explain this “East...
Persistent link: https://www.econbiz.de/10014139331
The present paper looks at the Weber-Tawney thesis on the positive link between Protestant ethic and economic growth. Both scholars observed that Protestant areas in the Western world seemed to gain faster and more wealth than areas with less Protestants, and largely explained this by a special...
Persistent link: https://www.econbiz.de/10014096132
The standard neoclassical approach to economic theorising excludes, by definition, economic emergence and the related … of understanding emergence and we explore the advances that have been made in this regard. We go on to argue that … evolutionary economics can make further progress by taking a more ‘naturalistic’ approach to economic evolution. This requires that …
Persistent link: https://www.econbiz.de/10010576973
Societies in Western civilisation enforce their rules through formal institutions such as secularism (SES), whereas in … less developed civilisations often rely on informal institutions such as religion (RES). The present paper attempts to … development using an example of two different enforcement models: one informal (RES) and one formal (SES). We find that, because …
Persistent link: https://www.econbiz.de/10011524872
, the NIE expanded its focus to the role of institutions and norms on economic development as well as how economic forces … on complexity theory to further supplement the NIE and Cliometrics …
Persistent link: https://www.econbiz.de/10014262712
This paper surveys the context and contours of contemporary Post-Keynesian Institutionalism (PKI). It begins by reviewing recent criticism of conventional economics by prominent economists as well as examining, within the current context, important research that paved the way for PKI. It then...
Persistent link: https://www.econbiz.de/10013106326
This article illustrates a formal link between economic growth and longstanding quantitative measures of information and knowledge. The link is found by relating two concepts from evolutionary theory, namely the Price equation and bet-hedging (stochastic switching). The first part of the article...
Persistent link: https://www.econbiz.de/10013058556
This paper surveys the context and contours of contemporary Post-Keynesian Institutionalism (PKI). It begins by reviewing recent criticism of conventional economics by prominent economists as well as examining, within the current context, important research that paved the way for PKI. It then...
Persistent link: https://www.econbiz.de/10009535550
This paper looks at the relationship between government budget deficits and the growth rate of GDP. While orthodox economic theory offers several reasons to believe that growing deficits might be associated with slower growth, and would ultimately be unsustainable, Keynesians assert that...
Persistent link: https://www.econbiz.de/10015069505
Theoretical models of the Kuznets Curve have been purely analytical with little contribution towards an understanding …
Persistent link: https://www.econbiz.de/10012057437