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  1. A Hayekian Explanation of Hayek's 'Epistemic Turn'.Scott Scheall - 2015 - Economic Thought 4 (2):32.
    The present essay aims to account for F.A. Hayek's oft-noted 'turn' away from technical economics to concerns of a more philosophical nature. In particular, the paper seeks an explanatory principle that reconciles various elements of both continuity and discontinuity in Hayek's intellectual development, especially with respect to the evolution of his arguments concerning economic fluctuations. The essay uncovers such an explanatory principle in Hayek's own methodology of sciences of complex phenomena. According to this principle, an inquirer who confronts phenomena too (...)
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  2. Inductive Risk in Macroeconomics: Natural Rate Theory, Monetary Policy, and the Great Canadian Slump.Gabriele Contessa - forthcoming - Economics and Philosophy.
    This paper has two goals. The first is to fill a gap in the literature on inductive risk by exploring the relevance of the notion of inductive risk to macroeconomics and monetary policy. The second goal is to draw some general lessons about inductive risk from the case discussed. The most important of these lessons is that the notion of inductive risk is no less relevant to the relationship between the proximate and distal goals of policy than it is to (...)
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  3. Review of Stephanie Kelton's The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy (New York, Public Affairs, 2020). [REVIEW]Gabriele Contessa - forthcoming - Economics and Philosophy.
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  4. The Pressure for Monetary Depreciation.Arthur Feiler - forthcoming - Social Research: An International Quarterly.
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  5. The Struggle for the Soul of Macroeconomics.Kevin D. Hoover - forthcoming - Journal of Economic Methodology:1-10.
    Critics argued that the 2007–09 financial crisis was failure of macroeconomics, locating its source in the dynamic, stochastic general-equilibrium model and calling for fundamental re-orientation o...
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  6. The Struggle for the Soul of Macroeconomics.Kevin D. Hoover - forthcoming - Tandf: Journal of Economic Methodology:1-10.
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  7. The Case of the Consumption Function: Structural Realism in Macroeconomics.Jennifer Jhun - forthcoming - In Timothy D. Lyons & Peter Vickers (eds.), Contemporary Scientific Realism: The Challenge from the History of Science. Oxford University Press.
    This paper claims that how economists actually treat the consumption function, both theoretically and empirically, seems to be at odds with traditional structural realism. While economics aims to find out the way the world actually is, economic theory – including theoretical staples such as the consumption Euler equation – do not always state literal truths. Yet, such methods persist. Our investigation will reveal that the Euler equation is deployed as part of a realist methodology to identify scale-dominant behaviors. These analyses (...)
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  8. Monetary Equilibrium and the Natural Rate of Interest.Hans Neisser - forthcoming - Social Research: An International Quarterly.
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  9. Monetary Expansion and the Structure of Production.Hans Neisser - forthcoming - Social Research: An International Quarterly.
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  10. A Critique of Neoclassical Macroeconomics (New York: St Martins) 2011a (Forthcoming)" The Theory and Empirical Credibility of Commodity Money,".John Weeks - forthcoming - Science and Society.
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  11. The New Monetary Policy.Sidney Weintraub - forthcoming - Social Research: An International Quarterly.
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  12. Shopping for experts.Gabriele Contessa - 2022 - Synthese 200 (3):1-21.
    This paper explores the socio-epistemic practice of shopping for experts. I argue that expert shopping is particularly likely to occur on what Thi Nguyen calls cognitive islands. To support my argument, I focus on macroeconomics. First, I make a prima-facie case for thinking that macroeconomics is a cognitive island. Then, I argue that ordinary people are particularly likely to engage in expert shopping when it comes to macroeconomic matters. In particular, I distinguish between two kinds of expert shopping, which I (...)
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  13. Implementation of Tobacco Control Policies in Bangladesh: A Political Economy Analysis.Md Mahmudul Hoque & Riffat Ara Zannat Tama - 2021 - Public Administration Research 10 (2):36-51.
    After ratifying the Framework Convention for Tobacco Control in 2004, Bangladesh enacted anti-tobacco laws, policies, and administrative measures. Evidence suggests that the progress so far has not been significant, and Bangladesh will most likely fail to meet its target to become tobacco-free by 2040. This study undertakes a national-level political economy analysis to explore the dynamics that affect the processes of required tobacco policy reforms and implementation. Based on a desk review of pertinent pieces of literature and key informant interviews, (...)
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  14. The world is on the verge of change.Nataliya Krasnikova, Victoriia Redko, Olena Dzyad, Olga Mykhailenko, Nataliia Volkova, Liliya Golovko, Olha Pashchenko & Viacheslav Makedon - 2021 - Днипро, Днепропетровская область, Украина, 49000: Publisher Bila K. O..
    The world never stands still. There is always a Brownian movement of economic subjects and objects on the face of it. But, if we have been visualizing this movement over a relatively long period of time, then we can distinguish the acceleration and increase in the volume of movements along individual commodity routes, the growth and formation of new subjects of international economic relations. From time to time, "accelerators" of this movement appear, either in the form of new types of (...)
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  15. Actual Issues of Modern Development of Socio-Economic Systems in Terms of the COVID-19 Pandemic.Grigorii Vazov (ed.) - 2021 - VUZF Publishing House “St. Grigorii Bogoslov”.
    The entire world community, since 2019, affected by the global pandemic COVID-19. The pandemic caused by this virus, led not only to significant human losses worldwide, but also imposed significant restrictions on the socio-cultural life of the population and radically changed the trends of the global economy and the further functioning of socio-economic systems. Now, huge economic losses have been recorded, which affected almost all sectors of the national economy and the state in the short, medium and long term. However, (...)
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  16. Comment on 'The Empirical Success of Keynesianism' by Donald Gillies.Rafael Galvão de Almeida - 2020 - Economic Thought 9 (1):44.
    Read Donald Gillies' original paper 'The Empirical Success of Keynesianism'...
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  17. Can the Welfare State Be the Future of the Global Economy?Narmin Baghirzade - 2020 - Network Intelligence Studies 8 (15):45-55.
  18. Varieties of Capitalism and Welfare States.Narmin Baghirzade - 2020 - SEA-Practical Application of Science 8 (23):163-168.
  19. Varieties of Capitalism and Welfare States.Narmin Baghirzade - 2020 - SEA-Practical Application of Science 8 (23):163-168.
  20. Economic Theory.Maksym Bezpartochnyi, Igor Britchenko, Illia Dmytriiev, Yaroslava Levchenko & Olena Shershenyuk - 2020 - Professor Marin Drinov Publishing House of BAS.
    Economic theory is the science that studies the actions of people in the process of choosing rare resources for the production, exchange, distribution and consumption of goods and services. Economic theory is a science that studies the laws of development of the economic system arising from the production and appropriation of goods and services in all spheres of social reproduction, as well as those aspects of the evolution of the national consciousness of the spirit of the people, its culture, psychology, (...)
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  21. Emergence Versus Neoclassical Reductions in Economics.George Chorafakis - 2020 - Journal of Economic Methodology 27 (3):240-262.
    Many epistemic anomalies of the neoclassical research programme originate from its ontologically reductionist meta-axioms, which predicate how economic macro-systems are constituted from their micr...
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  22. The Empirical Success of Keynesianism.Donald Gillies - 2020 - Economic Thought 9 (1):24.
    The main thesis of this paper is that the empirical success of Keynesianism shows it to be scientific. Keynesianism here refers not to a specific theory, but to a paradigm. It is argued that Kuhn's notion of paradigm can be applied to economics, but, in contrast to the natural sciences, in economics there are always competing paradigms. The principal ones in contemporary economics are the Neoclassical, Keynesian and Marxist. To investigate whether the Keynesian paradigm is scientific we need a criterion (...)
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  23. Crashed: How a Decade of Financial Crises Changed the World. Adam Tooze. New York, Viking, 2018.Emmanuel Guerisoli - 2020 - Constellations 27 (1):158-160.
  24. Response to ‘Response to Henschen: Causal Pluralism in Macroeconomics’.Tobias Henschen - 2020 - Journal of Economic Methodology 27 (3):263-265.
    Volume 27, Issue 3, September 2020, Page 263-265.
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  25. A Rejoinder to Henschen: The Issue of VAR and DSGE Models.Mariusz Maziarz & Robert Mróz - 2020 - Journal of Economic Methodology 27 (3):266-268.
    Volume 27, Issue 3, September 2020, Page 266-268.
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  26. Case Analysis: Enron; Ethics, Social Responsibility, and Ethical Accounting as Inferior Goods?Rashid Muhammad Mustafa - 2020 - Journal of Economics Library 7 (2):98-105.
    In 2001 soon after the Asian Crises of 1997-1998, the DotcomBubble, 9/11, the Enron crises triggered a fraud crisis in Wall Street that impacted the market to the core. Since then scandals such as the Lehman Brothers and WorldCom in 2007-2008 and the Great Recession have surpassed it, Enron still remains one of the most important cases of fraudulent accounting. In 2000’s even though the financial industry had become highly regulated, deregulation of the energy industry allowed companies to place bets (...)
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  27. Abstraction and Closure: A Methodological Discussion of Distribution-Led Growth.Michalis Nikiforos - 2020 - Journal of Economic Methodology 28 (2):207-230.
    This paper presents a methodological discussion of two recent ‘endogeneity critiques’ of the Kaleckian model and the concept of distribution-led growth. From a neo-Keynesian perspective, it is crit...
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  28. International Financial Credit Crises; Lessons From Canada.Muhammad Rashid - 2020 - Journal of Economics Bibliography 7 (2):101-110.
    The credit crises experienced in the US in year 2008 is labeled as perhaps the most significant crises since the great depression. The roots of the crises were found in the default of the sub-prime mortgages and the failure occurred in both the US and the UK. Due to the integrated nature of international financial systems the spillover impacted many countries as the economies in Asia and Europe were purchasers of the sub-prime mortgages that originated in both UK and US. (...)
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  29. Strategies for Sustainable Socio-Economic Development and Mechanisms Their Implementation in the Global Dimension.Maksym Bezpartochnyi, Igor Britchenko, Viera Bartosova, Jaroslav Mazanec, Darina Chlebikova, Olesia Bezpartochna, Robert Dmuchowski, Eva Kicova, Olga Ponisciakova, Rima Žitkienė, Svetlana Kunskaja, Arunas Burinskas, Viktoriia Riashchenko, Jekaterina Korjuhina, Teimuraz Beridze, Jasmina Gržinić, Kolozsi Pál Péter, Lentner Csaba, Veslav Kuranovic, Ramutė Narkūnienė, Erika Onuferova, Veronika Cabinova, Maria Matijova, Renata Fedorcikova, Szmitka Stanisław, Stanisław Szmitka, Andrius Tamošiūnas, Katarina Belanova, Ľubomír Čunderlík, Christian Becker, Erika Kovalova, Katarina Kramarova, Martina Marchevská, Jana Mitríková, Tatiana Racovchena, Nadejda Ianioglo, Aurelija Burinskiene & Lela Jamagidze (eds.) - 2019 - VUZF Publishing House “St. Grigorii Bogoslov”.
    The authors of the book have come to the conclusion that it is necessary to effectively use modern approaches to developing and implementation strategies of sustainable socio-economic development in order to increase efficiency and competitiveness of economic entities. Basic research focuses on economic diagnostics of socio-economic potential and financial results of economic entities, transition period in the economy of individual countries and ensuring their competitiveness, assessment of educational processes and knowledge management. The research results have been implemented in the different (...)
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  30. Response to Henschen: Causal Pluralism in Macroeconomics.Mariusz Maziarz & Robert Mróz - 2019 - Journal of Economic Methodology 27 (2):164-178.
    In his recent paper in the Journal of Economic Methodology, Tobias Henschen puts forth a manipulationist definition of macroeconomic causality that strives for adequacy. As the notion of ‘adequacy’...
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  31. Book Review: PATEL R. & MOORE J.W. A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet. [REVIEW]Cristian Timmermann - 2019 - Acta Bioethica 25 (1):141-142.
  32. The Comparison of Efficiency and Performance of Portuguese and Ukrainian Enterprises.Igor Britchenko, Ana Paula Monte, Igor Kryvovyazyuk & Lidiia Kryvoviaziuk - 2018 - Списание «Икономически Изследвания (Economic Studies)» 1:87-108.
    This article intends to analyze the performance and the efficiency of companies and to identify the key factors that may explain it. It was selected a sample with 15 enterprises: 7 Portuguese and 8 Ukrainian ones, belonging to several industries. Financial and non-financial data was collected for 6 years, during the period of 2009 to 2014. Research questions that guided this work were: Are the enterprises efficient/profitable? What factors influence enterprises’ efficiency/performance? Is there any difference between Ukrainian and Portuguese enterprises’ (...)
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  33. Diagnostic the Innovation Potential of Latvia.Maksym Bezpartochnyi, Olesia Bezpartochna, M. Živitere & V. Riashchenko - 2017 - In Mechanisms of interaction between competitiveness and innovation in modern international economic relations. pp. 62 - 70.
    Relative strengths of the innovation system are in Innovation-friendly environment, human resources, and employment impacts. Relative weaknesses are in innovators, attractive research systems, and linkages. Notable structural differences are a larger share of employment in Agriculture & Mining, a smaller share of employment in High and Medium high-tech manufacturing, a larger share of micro enterprises and SMEs in turnover, a smaller share of large enterprises in turnover, a larger share of foreign controlled enterprises, lower GDP per capita, a higher growth (...)
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  34. TRANSPORT SECURITY AS A FACTOR OF TRANSPORT AND COMMUNICATION SYSTEM OF UKRAINE SELF-SUSTAINING DEVELOPMENT.Igor Britchenko & Tetiana Cherniavska - 2017 - Науковий Вісник Полісся 1 (9):16-24.
    In the present article, attention is focused on the existing potential to ensure national self-sufficiency, the main challenges to its achievement and future prospects. According to the authors, transportation and communication system of the country can become the dominant model for self-sufficient development, due to its geostrategic location which allows it to be an advantageous bridge for goods, and passengers transit transportation between the states of Europe, Asia and the Middle East. To date, the transport and communication system is hardly (...)
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  35. ОБҐРУНТУВАННЯ СТРАТЕГІЇ САМОДОСТАТНЬОГО РОЗВИТКУ ТРАНСПОРТНО-КОМУНІКАТИВНОЇ СИСТЕМИ УКРАЇНИ.Igor Britchenko, Брітченко Ігор Геннадійович & Чернявська Тетяна Анатоліївна - 2017 - Науковий Журнал «Молодий Вчений» 4 (44.4):12-16.
    Стаття присвячена дослідженню питань формування нової стратегії самодостатнього розвитку транспортно- комунікативної системи України. Проаналізовано стратегічний документ «Транспортна стратегія України на період до 2020 р.» та виявлено низку недоліків. Було виокремлено недоліки стратегічного та методич- ного характеру. Окрему увагу автором приділено недосконалості системи стратегічних документів, які регулюють розвиток ТКС, відсутності деяких стратегій розвитку галузей ТКС, проблемам фінансування, а також проблемам, пов’язаним з цільовими програмами розвитку. Вказано на проблеми, пов’язані із структурним наповненням зазначеної стратегії. -/- Статья посвящена исследованию вопросов формирования новой стратегии (...)
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  36. Reductionism in Economics: Intentionality and Eschatological Justification in the Microfoundations of Macroeconomics.Kevin D. Hoover - 2015 - Philosophy of Science 82 (4):689-711.
    Macroeconomists overwhelmingly believe that macroeconomics requires microfoundations, typically understood as a strong eliminativist reductionism. Microfoundations aims to recover intentionality. In the face of technical and data constraints macroeconomists typically employ a representative-agent model, in which a single agent solves the microeconomic optimization problem for the whole economy, and take it to be microfoundationally adequate. The characteristic argument for the representative-agent model holds that the possibility of the sequential elaboration of the model to cover any number of individual agents justifies treating (...)
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  37. A Monetary Case for Value-Added Negative Tax.Michael Kowalik - 2015 - Real-World Economics Review 2015 (70):80-91.
    We address the most fundamental yet routinely ignored issue in economics today: that of distributive impact of the monetary system on the real economy. By re-examining the logical implications of token re-presentation of value and Irving Fisher’s theory of exchange, we argue that producers of value incur incidental expropriation of wealth associated with the deflationary effect that new value supply has on the purchasing power of money. In order to remedy the alleged inequity we propose a value-added negative tax (VANT) (...)
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  38. Seven Schools of Macroeconomic Thought: The Arne Ryde Memorial Lectures.Edmund Phelps - 2015 - Oxford University Press UK.
    This book offers an excellent survey of various macroeconomic topics that feature prominently in the research agenda and have inspired both theoretical and policy debate. The book presents an authoritative and comprehensive summary and original critique of macroeconomic approaches by a scholar whose own contribution to the field is considerable.
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  39. Why Macroeconomics Does Not Supervene on Microeconomics.Brian Epstein - 2014 - Journal of Economic Methodology 21 (1):3-18.
    In recent years, the project of providing microeconomic foundations for macroeconomics has taken on new urgency. Some philosophers and economists have challenged the project, both for the way economists actually approach microfoundations and for more general anti-reductionist reasons. Reductionists and anti-reductionists alike, however, have taken it to be trivial that the macroeconomic facts are exhaustively determined by microeconomic ones. In this paper, I challenge this supposed triviality. I argue that macroeconomic properties do not even globally supervene on microeconomic ones. This (...)
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  40. Representational Monetary Identity.Mirelo Deugh Ausgam Valis - 2013 - Lulu.
    Whenever debt is itself money, this money becomes a self-inflating debt principal by already being its own interest. Hence modern inflation, deflation, and eventual monetary crises. Yet why does money become debt? The concept of representational monetary identity answers to precisely this question.
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  41. The Monetary System: A Lurking Apocalypse.Florian Mittl - 2012 - Disputatio Philosophica 14 (1):113 - 124.
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  42. 18 Methodological Issues in Keynesian Macroeconomics.Roger E. Backhouse & Bradley W. Bateman - 2011 - In J. B. Davis & D. W. Hands (eds.), Elgar Companion to Recent Economic Methodology. Edward Elgar Publishers. pp. 437.
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  43. Hacia Una Nueva Política Sexual: Las Mujeres Ante la Reacción Patriarcal.Rosa Cobo Bedía - 2011 - Catarata.
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  44. 16 Recent Developments in Macroeconomics: The DSGE Approach to Business Cycles in Perspective.Pedro Garcia Duarte - 2011 - In J. B. Davis & D. W. Hands (eds.), Elgar Companion to Recent Economic Methodology. Edward Elgar Publishers.
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  45. Review Essays: Keynes and Macroeconomics After 70 Years.Thomas Francis - 2011 - Philosophy of the Social Sciences 41 (2):269-277.
    The book under review is critiqued with regard to its adherence, modification, and departure from John Maynard Keynes’s position. This review is weighted to emphasizing the role of "expectation" in Keynes’s work and its role in the book under review. The review seeks to develop an interpretation of the "psychology of society" or "structural rationality" in Keynes’s work and contrasts this with the positions of the authors in the book under review. Following this Keynes’s work is advocated as being highly (...)
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  46. Overcoming the Impasse in Modern Economics.David Gindis & Francesca Gagliardi - 2011 - Competition and Change 15 (4):336-342.
    In the wake of the global financial crisis of 2008, the greatest economic disaster since the Great Depression, the cover story of the July 18th 2009 issue of The Economist, entitled “What went wrong with economics,” opened with an unequivocally incriminating statement: “Of all the economic bubbles that have been pricked, few have burst more spectacularly than the reputation of economics itself.” In the months surrounding this indictment, many influential economists, including several Nobel laureates, were drawn to the same embarrassing (...)
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  47. 17 On the Role of Theory and Evidence in Macroeconomics.Katarina Juselius - 2011 - In J. B. Davis & D. W. Hands (eds.), Elgar Companion to Recent Economic Methodology. Edward Elgar Publishers. pp. 404.
  48. Internal Consistency, Price Rigidity and the Microfoundations of Macroeconomics.Simon Wren-Lewis - 2011 - Journal of Economic Methodology 18 (2):129-146.
    Macromodels based on microfoundations represent the dominant approach in macroeconomics. These models appear to adopt a clear methodological approach, which promotes internal consistency above external consistency as a necessary condition of admissibility. This paper develops two arguments. The first is that internal consistency makes the development of microfounded macromodels dependent on the pace of theoretical innovation. This had led to an internal debate between ?pragmatists? who argue for limited departures from internal consistency, and ?purists? who claim that this would compromise (...)
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  49. Two Puzzles Regarding the Replacement Ratio in the Context of Renewal Theory.George C. Bitros - 2010 - Journal of Economic Methodology 17 (4):375-395.
    The models Feldstein and Rothschild, on the hand, and Jorgenson on the other adopted in 1974 to highlight the replacement ratio are identical. Yet, the authors reached opposite conclusions and the latter's view prevailed, which is weaker in terms of theoretical and empirical foundations. This paper argues that both puzzles may be resolved by reference to the differences in the methodological preconceptions of the authors involved, the operational advantages of the theorem of proportionality, the accumulated data that facilitate research, the (...)
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  50. Implications for Models in Monetary Policy.Stan du Plessis - 2010 - Journal of Economic Methodology 17 (4):429-444.
    Monetary authorities have been implicated in the financial crisis of 2007?2008. John Muellbauer, for example, has blamed what he thought was initially inadequate policy responses by central banks to the crisis on their models, which are, in his words, ?overdue for the scrap heap?. This paper investigates the role of monetary policy models in the crisis and finds that (i) it is likely that monetary policy contributed to the financial crisis; and (ii) that an inappropriately narrow suite of models made (...)
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