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  1.  43
    Hierarchical Inconsistencies: A Critical Assessment of Justification.Juozas Kasputis - 2019 - Economic Thought 8 (2):1-12.
    The existential insecurity of human beings has induced them to create protective spheres of symbols: myths, religions, values, belief systems, theories, etc. Rationality is one of the key factors contributing to the construction of civilisation in technical and symbolic terms. As Hankiss has emphasised, protective spheres of symbols may collapse – thus causing a profound social crisis. Social and political transformations had a tremendous impact at the end of the 20th century. As a result, management theories have been revised in (...)
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  2.  5
    Judging Heterodox Economics: A Response to Hodgson's Criticisms.Lynne Chester - 2019 - Economic Thought 8 (1):1.
    The renowned institutionalist Geoffrey Hodgson has claimed inter alia that heterodox economics has failed to define its nature and scope, does not take pluralism seriously, and lacks expertise concentration to ensure quality which means it has made limited progress and is held in variable esteem. To address these alleged problems, Hodgson proposes four alternative strategies: the creation of heterodox economics academic departments; for heterodox economists to enter non-economics academic departments; for heterodox economists to 'organise' around a successful approach with future (...)
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  3.  7
    The Meaning and Future of Heterodox Economics: A Response to Lynne Chester.Geoffrey M. Hodgson - 2019 - Economic Thought 8 (1):22.
    I have been writing and publishing in economics for 50 years and much of my work has been debated and criticised. But I think that this is the first time that someone has honoured me by a full-scale article criticising an unpublished working paper. I am very grateful to Lynne Chester for bringing the questions I raise to a wider audience. The working paper that she criticizes went through several versions, of which the 12 July 2017 draft that Lynne downloaded (...)
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  4.  1
    Commentary on 'Addressing the Malaise in Neoclassical Economics: A Call for Partial Models'.David Orrell - 2019 - Economic Thought 8 (1):53.
    The article by Ron Wallace 'proposes the deployment of partial modelling, utilising Boolean networks, as an inductive discovery procedure for the development of economic theory'. The central argument in favour of partial models is well-made, and while I agree with this aspect of the paper, and the conclusion that models should serve as 'cognitive instruments in a regime of exploration,' I have a number of comments about the proposed strategy and the example of BNs......
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  5.  2
    Was Smith A Moral Subjectivist?Kevin Quinn - 2019 - Economic Thought 8 (1):30.
    This paper challenges the commonly held view that Smith's moral theory is a subjectivist theory. Smith's test for goodness and rightness – for propriety – is not the approbation of an impartial spectator, but the warranted approbation of such a spectator. Something is right or good not because an impartial spectator would approve of it, but because such a spectator would be warranted in so approving....
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  6.  1
    Addressing the Malaise in Neoclassical Economics: A Call for Partial Models.Ron Wallace - 2019 - Economic Thought 8 (1):40.
    Economics is currently experiencing a climate of uncertainty regarding the soundness of its theoretical framework and even its status as a science. Much of the criticism is within the discipline, and emphasises the alleged failure of the neoclassical viewpoint. This article proposes the deployment of partial modelling, utilising Boolean networks, as an inductive discovery procedure for the development of economic theory. The method is presented in detail and then linked to the Semantic View of Theories, closely identified with Bas van (...)
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  7.  3
    Institutions, Policy and the Labour Market: The Contribution of the Old Institutional Economics.Ioannis A. Katselidis - 2019 - Economic Thought 8:13.
    This paper seeks to examine the relationship and the interaction between institutions, policy and the labour market in the light of the ideas of the first generation of institutional economists, who, in contrast to neoclassicals, conceived of the economy as a nexus of institutions, underlining, therefore, the significant role of institutional and non-market factors in the functioning of an economic system. They also criticised those who define welfare only in terms of efficiency and satisfaction of consumer interests; institutionalists instead focus (...)
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  8.  2
    Comment on Miguel Ramirez's Paper, 'Credit, Indebtedness and Speculation in Marx's Political Economy'.Stavros Mavroudeas - 2019 - Economic Thought 8:63.
    Read Miguell Ramirez's original paper Credit, Indebtedness and Speculation in Marx's Political Economy...
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  9.  1
    Orthogonal Time in Euclidean Three-Dimensional Space: Being an Engineer's Attempt to Reveal the Copernican Criticality of Alfred Marshall's Historically-Ignored 'Cardboard Model'.Richard Everett Planck - 2019 - Economic Thought 8:31.
    This paper begins by asking a simple question: can a farmer own and fully utilise precisely five tractors and precisely six tractors at the same time? Of course not. He can own five or he can own six but he cannot own five and six at the same. The answer to this simple question eventually led this author to Alfred Marshall's historically-ignored, linguistically-depicted 'cardboard model' where my goal was to construct a picture based on his written words. More precisely, in (...)
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  10.  1
    Response to Stavros Mavroudeas.Miguel D. Ramirez - 2019 - Economic Thought 8:70.
    Read Miguell Ramirez's original paper Credit, Indebtedness and Speculation in Marx's Political Economy Read Stavros Mavroudeas' comment on Miguel Ramirez' paper Comment on Miguel Ramirez's paper, 'Credit, Indebtedness and Speculation in Marx's Political Economy'...
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  11.  3
    Credit, Indebtedness and Speculation in Marx's Political Economy.Miguel D. Ramirez - 2019 - Economic Thought 8:46.
    This paper contends that Marx develops in Volume III of Capital an incisive conceptual framework in which excessive credit creation, indebtedness and speculation play a critical and growing role in the reproduction of social capital on an extended basis; however, given the decentralised and anarchic nature of capitalist production, the credit system does so in a highly erratic and contradictory manner which only postpones the inevitable day of reckoning. The paper also highlights Marx's relatively neglected but highly important analysis of (...)
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