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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. The Pressure for Monetary Depreciation.Arthur Feiler - forthcoming - Social Research.
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  4. Monetary Equilibrium and the Natural Rate of Interest.Hans Neisser - forthcoming - Social Research.
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  5. Monetary Expansion and the Structure of Production.Hans Neisser - forthcoming - Social Research.
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  6. 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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  7. The New Monetary Policy.Sidney Weintraub - forthcoming - Social Research.
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  8. Can the Welfare State Be the Future of the Global Economy?Narmin Baghirzade - 2020 - Network Intelligence Studies 8 (15):45-55.
  9. Varieties of Capitalism and Welfare States.Narmin Baghirzade - 2020 - SEA-Practical Application of Science 8 (23):163-168.
  10. Varieties of Capitalism and Welfare States.Narmin Baghirzade - 2020 - SEA-Practical Application of Science 8 (23):163-168.
  11. 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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  12. 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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  13. 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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  14. 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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  15. 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.
  16. 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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  17. 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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  18. 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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  19. 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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  20. Seven Schools of Macroeconomic Thought.Edmund Phelps - 2016 - 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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  21. 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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  22. 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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  23. 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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  24. 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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  25. The Monetary System: A Lurking Apocalypse.Florian Mittl - 2012 - Disputatio Philosophica 14 (1):113 - 124.
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  26. 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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  27. Hacia Una Nueva Política Sexual: Las Mujeres Ante la Reacción Patriarcal.Rosa Cobo Bedía - 2011 - Catarata.
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  28. 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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  29. 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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  30. 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.
  31. 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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  32. 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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  33. 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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  34. Idealizing Reduction: The Microfoundations of Macroeconomics. [REVIEW]Kevin D. Hoover - 2010 - Erkenntnis 73 (3):329 - 347.
    The dominant view among macroeconomists is that macroeconomics reduces to microeconomics, both in the sense that all macroeconomic phenomena arise out of microeconomic phenomena and in the sense that macroeconomic theory—to the extent that it is correct—can be derived from microeconomic theory. More than that, the dominant view believes that macroeconomics should in practice use the reduced microeconomic theory: this is the program of microfoundations for macroeconomics to which the vast majority of macroeconomists adhere. The "microfoundational" models that they actually (...)
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  35. Should the Financial Crisis Inspire Normative Revision?Don Ross - 2010 - Journal of Economic Methodology 17 (4):399-418.
    The paper evaluates the claim, made by a range of commentators but most prominently by Akerlof and Shiller in Animal Spirits, that the recent financial crisis illustrates gaps in the normative picture incorporated into standard macroeconomics that are plugged by insights due to behavioral economics. It is argued that Akerlof and Shiller's contention that we cannot understand what happened unless we supplement macroeconomic theory with social-psychological theory is convincing only after being so heavily qualified that most of the surface excitement (...)
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  36. Gary Becker on Free Banking.Ludwig van den Hauwe - 2010 - Journal of Libertarian Studies 22 (1):437-470.
    Gary Becker´s 1956 paper about free banking was originally intended as a reaction to the 100-percent reserve proposals that were then popular at the University of Chicago. Today the original paper clearly illustrates how considerably our views and theories about free banking have evolved in the past 50 years. This development is to a considerable extent the result of the work and the writings of economists of the Austrian School. Pascal Salin is one of the most prominent members of the (...)
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  37. Is Endogenous Growth Theory Degenerating? Another Look at Lakatosian Appraisal of Growth Theories.Michal Brzezinski & Michal Dzielinski - 2009 - Journal of Economic Methodology 16 (3):243-263.
    In a recent paper, Cavusoglu and Tebaldi provided an evaluation of neoclassical and endogenous growth theories according to Lakatos's methodology of scientific research programmes. This paper offers three criticisms of their contribution as well as a rival Lakatosian appraisal of growth theories. First, we hold that Cavusoglu and Tebaldi do not provide a proper structure of theory comparison in their contribution. Second, we argue that they use an inadequate version of Lakatos's appraisal criterion. Third, against the claim of the authors, (...)
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  38. Fuzzy Logic and Keynes's Speculative Demand for Money.Sheila C. Dow & Dipak Ghosh - 2009 - Journal of Economic Methodology 16 (1):57-69.
    The purpose of the paper is to explore the potential for using fuzzy logic to analyse economic decision?making under Keynesian uncertainty, and in particular in circumstances where variety of opinion is important. Fuzzy logic is shown to apply where expectations may differ because the nature of the subject matter impedes any ?crisp? way of describing the underlying variables. The particular case of the speculative demand for money is considered, since it explicitly reflects variety of opinion as to whether interest rates (...)
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  39. Excessive Risk Taking and Low Interest Monetary Policy Decisions.George Hodorogea - 2009 - Linguistic and Philosophical Investigations 8:223-228.
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  40. Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective.Paul A. Samuelson - 2009 - MIT Press.
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  41. Contemporaneous Monetary Policy Decision and Growing Global Financial Integration.Dorin Dobrişan - 2008 - Linguistic and Philosophical Investigations 7.
  42. Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework.Jordi Galí - 2008 - Princeton University Press.
    The New Keynesian framework has emerged as the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. It is the backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, and provides the theoretical underpinnings of the inflation stability-oriented strategies adopted by most central banks throughout the industrialized world. This graduate-level textbook provides an introduction to the New Keynesian framework and its applications to monetary policy. (...)
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  43. Does Macroeconomics Need Microfoundations.Kevin D. Hoover - 2008 - In Daniel M. Hausman (ed.), The Philosophy of Economics: An Anthology. Cambridge University Press. pp. 315--333.
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  44. The German Debate on the Monetary Theory of Value: Considerations on Jan Hoff's Kritik Der Klassichen Politischen Okonomie.Kolja Lindner - 2008 - Science and Society 72 (4):402 - 414.
  45. Monetary Policy Shocks and Financial Stability.Elena-Maria Tudor - 2008 - Linguistic and Philosophical Investigations 7.
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  46. European Central Bank, Monetary Policy and the "Social Europe".Brigitte Young - 2008 - In Anna G. Jónasdóttir & Kathleen B. Jones (eds.), The Political Interests of Gender Revisited: Redoing Theory and Research with a Feminist Face. United Nations University Press.
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  47. The Experiment in Macroeconometrics.John Aldrich & Anna Staszewska - 2007 - Journal of Economic Methodology 14 (2):143-166.
    This paper examines the experiment in macroeconometrics, the different forms it has taken and the rules that have been proposed for its proper conduct. Here an ?experiment? means putting a question to a model and getting an answer. Different types of experiment are distinguished and the justification that can be provided for a particular choice of experiment is discussed. Three types of macroeconometric modelling are considered: the Cowles (system of equations) approach, the vector autoregressive model approach and the computational experiment. (...)
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  48. On Rhetoric and Being Realistic About the Monetary Policy of Developing Countries.Jan Toporowski - 2007 - Journal of Economic Methodology 14 (1):47-55.
    This paper focuses on economists' aspirations to apprehend the reality of the economy that they seek to study, while economic processes are largely beyond the boundaries of perception. It is recognized that engaging in dialogue with each other and with policymakers forces economists into compromise with conventional wisdom by rhetoric. We explore how questions beyond the boundaries of realist perception are commonly tackled in contemporary monetary analysis by axiomatic reasoning and mimesis (the proliferation of models that can mimic the evolution (...)
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  49. Evaluating Growth Theories and Their Empirical Support: An Assessment of the Convergence Hypothesis.Nevin Cavusoglu & Edinaldo Tebaldi - 2006 - Journal of Economic Methodology 13 (1):49-75.
    Understanding the factors determining economic growth has been a major concern for economists and governing bodies for many years. The Solow growth model and the endogenous growth models are the main theories tested and used in the growth literature. This paper discusses the main contributions to economic methodology and uses Lakatos's scientific research program framework to evaluate the main theoretical contributions to growth theory. Based on Lakatos's ideas, Solovian models are both empirically and theoretically progressive. Endogenous growth models, on the (...)
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  50. Practical Issues in United Kingdom Monetary Policy, 2000-2005.Stephen Nickell - 2006 - In Proceedings of the British Academy, Volume 139, 2005 Lectures. pp. 1-33.
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