Time, Uncertainty, and Disequilibrium

Time, Uncertainty, and Disequilibrium PDF

Author: New York University. Center for Applied Economics

Publisher: Lexington, Mass. : Lexington Books

Published: 1979

Total Pages: 264

ISBN-13:

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Mostly papers presented at a conference sponsored by the Center for Applied Economics at New York University in cooperation with the Institute for Humane Studies held at New York University, Jan. 7-8, 1978. Includes index. Bibliography: p. 227-230.

Austrian Economics Re-examined

Austrian Economics Re-examined PDF

Author: Gerald P O'Driscoll Jr

Publisher: Routledge

Published: 2014-12-05

Total Pages: 315

ISBN-13: 1317691369

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Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781315776736, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

A Search for Synthesis in Economic Theory

A Search for Synthesis in Economic Theory PDF

Author: Ching-Yao Hsieh

Publisher: Routledge

Published: 2019-09-25

Total Pages: 285

ISBN-13: 1315495074

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First published in 1986. Since the late 1960s the seeming inability of traditional monetary and fiscal policies to combat " stagflation" and address other macroeconomic issues has accelerated the erosion of confidence in the prevailing economic paradigm , the " neoclassical synthesis." * Dissensions among the members of the economics profession on both sides of the Atlantic have grown in number. By the 1970s, a majority of economists had recognized a " crisis" in economic theory. Parallel to this development, a crisis has also emerged in the Marxian camp. This volume is a discussion from the various schools of thought around three of the salient common grounds follows: the theory of a monetary economy, the disequilibrium foundations of a general equilibrium theory, and a rekindled interest in institutional factors.

Entrepreneurship

Entrepreneurship PDF

Author: Norris F. Krueger

Publisher: Taylor & Francis

Published: 2002

Total Pages: 552

ISBN-13: 9780415158589

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This new collection provides a much needed retrospective view of the key academic work published in this area. The papers here highlight the importance of studying entrepreneurship from a wide range of perspectives, including research that derives from economics, history, sociology, psychology and from different business disciplinary bases such as marketing, finance and strategy. The overall focus in this set is on "entrepreneurial" activity, rather than specifically small or family-owned business and favours research articles over those that deal purely with practice.

Sir John R. Hicks

Sir John R. Hicks PDF

Author: John Cunningham Wood

Publisher: Taylor & Francis US

Published: 1989

Total Pages: 320

ISBN-13: 9780415109017

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Sir John Hicks is one of the highest-regarded contemporary economists, and it is fitting that the new series of Critical Assessments of Contemporary Economists should commence with his work. Awarded the Nobel Prize for Economics in 1972, Sir John Hicks' work is extremely wide-ranging, with the list of topics reading almost like an agenda for the whole of modern economics: general equilibrium theory, welfare economics, problems of index numbers, trade cycles, wages and many others. He may, however, be best known to present day economists for having introduced IS-LM curves, now a standard means of Keynesian analysis. A comprehensive, scholarly work, this four-volume set gives students of economics and economic thought immediate access to Sir John Hicks' contributions and shows how his work has been received and modified by others.

An Entrepreneurial Theory of the Firm

An Entrepreneurial Theory of the Firm PDF

Author: Frédéric Sautet

Publisher: Routledge

Published: 2000-05-11

Total Pages: 202

ISBN-13: 1134582935

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This original, provocative work encompasses a wealth of existing literature and leads it in a new direction. It will inspire economic scholars particularly within the fields of Austrian economies and the theory of the firm.

The Limits to Certainty

The Limits to Certainty PDF

Author: O. Giarini

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 287

ISBN-13: 9401117756

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I consider it a privilege to have been invited to write a preface for "The Limits to Certainty". It is however paradoxical that a theo retical physicist be asked to write about a monograph dealing mainly with service economics. Notwithstanding, I am delighted to do so. Indeed, it is striking that two so widely different fields like physics and social science, and more especially economics, can interact in such a constructive way. There is no question here of reductionism. Nobody claims to be able to reduce social scien ces to physics, nor to use patterns of social interaction in order to formulate new laws for atoms. What is at stake here is more im portant than reduction; the age-old separation between the so-cal led "hard" and "soft sciences" is breaking down. This separation has a long history. First, one should recall the influence of Newton's achievement on the formulation of scienti fic goals. This influence led to the formulation of equilibrium mo dels for supply/demand adjustment. As was noticed by Walter Weisskopf: "the Newtonian paradigm underlying classical and non-classical economics interpreted the economy according to the patterns developed in classical physics and mechanics, in analogy to the planetary system, to a machine or clockwork: a closed auto nomous system ruled by endogenous factors of a highly selective nature, self-regulating and moving to a determinate, predictable point of equilibrium" (The Geneva Papers on Risk and Insurance (1984), Vol. 9, no. 33, pp. 335-360).